Ghana to refine 70% of artisanal gold by 2027
By the AFREEQUE newsroom, based on MyJoyOnline
Ghana aims to locally refine at least 70% of its artisanal and small-scale mining gold by December 2027. The government wants to reach 100% in 2028, with $1.5 billion allocated to developing an integrated mining industry, according to Cassiel Ato Forson.
Ghana aims to locally refine at least 70% of gold from artisanal and small-scale mining by December 2027. Finance Minister Cassiel Ato Forson announced the target on Thursday 12 November while presenting the 2027 budget and economic policy to Parliament, according to MyJoyOnline.
The government plans to reach 100% local refining by December 2028, when exports of unrefined artisanal and small-scale gold will be banned, according to Cassiel Ato Forson. The programme is part of a $1.5 billion investment in developing an industrial minerals economy covering manganese, bauxite, lithium and gold.
Ghana also aims to process locally at least 50% of manganese and bauxite by the end of 2028, followed by full processing by the end of 2030, with raw mineral exports banned. For lithium, the government initially plans local refining, followed by the production of battery-grade chemicals, components and cells. It also plans to create a 24-hour critical minerals processing zone in the Western Region.
The announcement details the objectives linked to the $1.5 billion investment in mineral processing, announced as part of the government’s economic programme.
