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Ghana Mandates 30% Gold Sales to Central Bank

Bloomberg Markets •
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Ghana is requiring large-scale gold mines to sell at least 30% of their annual output to the central bank. The directive, reported by Bloomberg Markets, aims to expand local refining capacity and shore up the nation's foreign-exchange reserves.

Gold is Ghana's top export, but much of it is shipped raw for processing abroad. By redirecting a significant portion of mine output to domestic refineries, the government seeks to capture more value locally and strengthen its currency buffer.

For mining companies operating in the West African nation, the policy introduces a new sales channel that may alter revenue timing and currency exposure. The central bank's increased gold holdings will also provide a hedge against external shocks.

The move tightens the link between resource extraction and monetary policy, with immediate consequences for mine-to-market logistics and Ghana's reserve management strategy.