The Chief Executive Officer of Goldbod (Ghana Gold Board), Sammy Gyamfi, has announced that the board will commence full operations in the first week of May this year.

Goldbod is the sole authority mandated to buy, sell, weigh, grade, assay and export gold and other precious minerals.

According to him, the operationalisation of Goldbod will set into motion the government's vision to add value to the country's mineral resources.

He made these remarks during a courtesy visit to the CEO of the Gold Coast Refinery which was commissioned by President Mahama in 2016 but remained inactive for eight years under the previous Akufo-Addo administration.

He stated; “This is the sad story of the biggest gold refinery in West Africa, located here in Accra, Ghana – the Gold Coast Refinery. But we at Goldbod, as part of our value addition strategy, are determined to get this refinery working with a clear pathway to LBMA accreditation to generate the needed benefits for the nation.”

He added; “In the short term, we shall move Ghana from the export of unrefined gold (doré bars) to refined gold (bullion) in partnership with the Gold Coast Refinery and other local refineries to optimize national benefits.”

Under the leadership of President Mahama, Ghana now maintains a 15% free carried interest in this vital refinery through Goldbod.

SP/MA

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