Ghana tightens gold exports in push to keep more value at home
- Accra, Ghana – Ghana is requiring certain gold exporters to refine gold dore locally before it can be shipped abroad, in a move aimed at keeping more of the value generated by the country’s gold industry at home.
- Effective September 1, the Ghana Gold Board (GoldBod) barred Self-Financing Aggregators (SFAs) from exporting gold dore purchased under arrangements with approved offtakers unless it is first refined in Ghana.
- Dore is semi-refined gold that requires further processing before it can be turned into bullion.
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- Accra, Ghana – Ghana is requiring certain gold exporters to refine gold dore locally before it can be shipped abroad, in a move aimed at keeping more of the value generated by the country’s gold industry at home.
- Effective September 1, the Ghana Gold Board (GoldBod) barred Self-Financing Aggregators (SFAs) from exporting gold dore purchased under arrangements with approved offtakers unless it is first refined in Ghana.
- Dore is semi-refined gold that requires further processing before it can be turned into bullion.
Sources: Al Jazeera