Ghana Proposes 30% Gold Sales Requirement for Large Mines

Ghana 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.