Ghana Proposes 30% Gold Sales Requirement for Large Mines
Ghana plans to require large-scale gold mines to sell at least 30% of annual output to the central bank. The measure aims to increase local refining and strengthen foreign-exchange reserves.
rnz.co.nzGhana is considering a policy that would require large-scale gold mines to sell at least 30% of their annual output to the central bank. The requirement is intended to increase local refining capacity and add to the country's foreign-exchange reserves.
Mines would deliver the gold directly to the Bank of Ghana under the proposed rule. The central bank would then use the metal for refining and reserve management.
Ghana is one of the top gold-producing countries in Africa. The government has previously sought ways to retain more value from mineral exports. No implementation timeline or enforcement details have been announced.
Key Facts
Potential Impact
- 01
Large gold mines may need to adjust sales contracts and logistics.
- 02
Local refining capacity could receive additional feedstock.
- 03
Ghana's foreign-exchange reserves may increase if purchases occur.
Transparency Panel
Related Stories
straitstimes.comJournalists in Gaza to Receive 2026 Golden Pen of Freedom Award
Three international news agencies will accept the award on behalf of their local staff still reporting from the territory. The World Association of News Publishers cited the journalists' continued coverage under extreme conditions.
upi.comSupreme Court Revives Havana Docks Lawsuit Over Confiscated Cuban Property
The U.S. Supreme Court sent a Helms-Burton Act case back to lower courts for further argument. The suit seeks damages from cruise lines that used docks seized by Cuba in 1959.
France 24Pakistan Population Growth Outpaces Infrastructure as Male Contraception Stays Taboo
Pakistan's population exceeds 258 million and could reach 300 million by 2030. Contraception remains largely taboo in a society shaped by traditional values. The country continues to lag behind neighbors India and Bangladesh in key social sectors.