Ghana, Burkina Faso and Mali are building or filling gold refineries to keep more of the value of their gold. Ghana requires covered exports to be refined loca…
Burkina Faso inaugurated RAFFINOR-BF in Ouagadougou. The presidency states a first-phase capacity of 164 tonnes a year, with up to 515 tonnes projected.
GoldBod barred unrefined dore from export for self-financing aggregators from 1 September 2026. Refining must be at a refinery it approves.
In 2025 the Bank of Ghana bought about 104 tonnes of artisanal gold for $10.9 billion, with losses over $1.7 billion, partly valuation effects.
A free-carried 15% stake and a deal for up to one tonne a week to be refined locally. The first batch was inspected on 4 February.
A Russia-backed plant at Senou near Bamako, with no completion date or cost announced.
A 400 kilogram a day plant, a joint venture of Rosy Royal Minerals and the Bank of Ghana, which holds 20%.
150 tonnes a year and first ingots within 11 months. The plant opened 34 months later.
The Bank of Ghana programme aimed to build reserves and curb smuggling. GoldBod took it over on 1 July 2026.
Audited tonnes refined, net revenue, miner prices, traceable gold and accredited bars.
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