Sammy Gyamfi, the Chief Executive Officer of GoldBod, has said they are finalising a new agreement to establish one of the World’s largest gold refineries in Ghana.
The GoldBod CEO revealed that the refinery will have a processing capacity of 600 tonnes, which will make it one of the largest on the continent.
According to Sammy Gyamfi, the sod cutting for the commencement of the project will be later this year, with completion expected in 2027.
He further disclosed that the project forms part of the government’s agenda to position Ghana as a leading gold refinery hub in Africa.
Speaking to members of the National House of Chiefs during a meeting in the Ashanti Region on Friday, May 29, Sammy Gyamfi disclosed, “We’re in the process of signing a new agreement that will see to the establishment of what is going to be one of the biggest refineries in the World in Ghana.
“We will cut a sod for the establishment this year [2026], and we hope to complete it by next year [2027]. It’s going to be a 600-tonne-capacity refinery. It will refine all the gold we produce here [Ghana]; it can also refine gold from Burkina Faso, Togo, and other places. The idea is to make Ghana a hub for gold refinery,” he announced.
In related news, Sammy Gyamfi has said President John Dramani Mahama wants Ghana to establish its own Gold Souk.
Speaking on Asempa FM’s Ekosii Sen, the GoldBod CEO said, “President Mahama wants us to have our own mini gold souk like Dubai has. Dubai does not have gold, but they have a gold souk where people trade in gold jewellery.
He wants us to create a golden kilometre, and on that kilometre stretch of road, we will be selling only gold jewellery, so that if anyone comes to Ghana and wants to see our gold, they can be taken there”.
A Gold Souk is dedicated to trading gold jewellery, precious stones, and rare metals.
In other news, Sammy Gyamfi has spoken about President John Dramani Mahama appointing him as the GoldBod CEO.
According to Sammy Gyamfi, President Mahama is a great visionary who saw what he did not see.
Sammy Gyamfi asserted that many predicted he would have landed a communication-related job based on what he was doing for the party in opposition, but Mahama saw something in him that many had not noticed at the time.
Speaking on PM Express Business Edition, Sammy Gyamfi stated, “For me, it was an exciting call made by the president. The president, to some of us as a father figure, is not just a flagbearer. He’s not just our President, but somebody that I’ve enjoyed the father-son relationship with for some time now, and he’s a great visionary”.
“So what he may see in you, you may not even have seen in yourself. Maybe many never expected that, upon winning power, I would find myself where I am. I’m sure many have predicted that I may, I may have landed some communication-related job based on what I was doing, for the party in opposition,” he said.
Sammy Gyamfi added, “But the president, I think, saw something in me that many had not noticed at the time, and he decided to give me this opportunity”.
“Supported by my able minister, who is like a brother to me as well, Dr Cassiel Ato Forson, we have been able to push the agenda of the president for the gold sector,” he noted.
Also, Sammy Gyamfi has said Gold is essential to President John Dramani Mahama’s reset agenda.
The GoldBod CEO highlighted that Mahama believes that Ghana could have maximised national benefits and exerted its sovereignty over its gold resources more than it has since independence.
Dormaa market women shares their birthday messages to Dormaahene during his birthday celebration #GHNow pic.twitter.com/bbsJm6JWKA
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