The Chief Executive Officer of Rand Refinery, Dean Subramanian, has hailed the Ghana Gold Board’s (GoldBod) recent agreement with the Gold Coast Refinery as a crucial step in Ghana’s efforts to secure London Bullion Market Association (LBMA) accreditation.

Speaking during the signing ceremony, Subramanian said the partnership positions Ghana to improve transparency and sustainability within its gold sector, while aligning with international responsible sourcing standards.

“We can only achieve this through a continuous partnership between the Ghana Gold Board, Gold Coast Refinery and Rand Refinery,” he noted.

He added that Rand Refinery is committed to supporting GoldBod and Gold Coast Refinery in implementing the necessary frameworks to ensure that locally refined gold meets global benchmarks for purity and ethical sourcing.

Meanwhile, the Chief Executive of the Ghana Chamber of Mines, Ing. Ken Ashigbey, reaffirmed the chamber’s backing for the initiative, pledging to encourage participation from large-scale mining companies.

“As a chamber, we are committed to refining gold in Ghana. This collaboration with GoldBod and Gold Coast Refinery is central to achieving LBMA accreditation, ensuring product purity and ethical sourcing,” he said.

The landmark agreement, signed on Tuesday, January 20, will see gold from both artisanal and large-scale mining operations refined locally, reducing Ghana’s long-standing reliance on exporting raw gold.

The Gold Coast Refinery, established to promote growth in Ghana’s gold sector, offers services including smelting, assaying, refining to 999.9 purity levels, vaulting, and export, supporting the country’s goal of processing at least 30 percent of its gold locally.