Government targets 100% local refining of small-scale sector gold by 2028
Finance Minister Dr Cassiel Ato Forson said the government plans to refine at least 70 per cent of artisanal and small-scale gold locally by December 2027 before achieving full local refining the following year. “Local refining will reach 100 per cent by December 2028, when all exports of raw ASM gold will be prohibited,” he told Parliament on Thursday, November 12, while presenting the 2027 Budget Statement and Economic Policy.
The government is targeting 100 per cent local refining of artisanal and small-scale gold by December 2028 as part of efforts to retain more value from the country’s mineral resources. Finance Minister Dr Cassiel Ato Forson said the government plans to refine at least 70 per cent of artisanal and small-scale gold locally by December 2027 before achieving full local refining the following year.
He said the policy will end the export of raw artisanal and small-scale gold from 2028. “Local refining will reach 100 per cent by December 2028, when all exports of raw ASM gold will be prohibited,” he told Parliament on Thursday, November 12, while presenting the 2027 Budget Statement and Economic Policy. The initiative forms part of a US$1.5 billion investment in critical minerals value addition under Pillar 4 of the 2027 Budget.
READ ALSO: These are the 8 pillars of the ‘New Economy’ in the 2027 Budget
- gold
- refining
- government
- scale
- cent
- december
- budget
- sector
