Goldbod Signs Refinery Agreement With Royal Ghana Gold for One Metric Tonne of Gold Weekly

Ghana Gold Board (GoldBod) secures a long-term supply agreement with Royal Ghana Gold Refinery for 1 tonne of gold per week, shifting from raw gold exports to local refining. This increases domestic value capture (refining fees, jobs) and reduces export of unrefined gold. The mechanism is regulatory/policy-driven (local content policy) and affects gold supply chains in Ghana. Impact is country-specific (Ghana) but could influence global gold flows if other African nations adopt similar policies. Winners: Royal Ghana Gold Refinery, Ghanaian economy. Losers: international refiners losing feedstock. Commercial channel: supply_shortage (of unrefined gold for export) and regulatory (local refining mandate).