Private aggregators, not state, will bear local refining costs – GoldBod

The Ghana Gold Board (GoldBod) says the cost of refining gold locally will not be borne by the state institution, but rather by self-financing gold aggregators and their approved foreign offtakers.

According to him, the operational directive under the Ghana Gold Board Act, 2025 (Act 1140), provides that refining costs will be borne by self-financing aggregators or their approved foreign offtakers.“There is zero negative impact on state revenue because refining charges are settled directly between private aggregators, offtakers, and then the approved local refineries before export documentation is cleared by the Gold Board.”