Ghana will begin purchasing 30% of the gold output from large-scale miners starting in July, according to reports from Nairametrics.
The policy marks a significant shift in the West African nation's approach to its mining sector, moving toward direct state participation in the supply chain rather than relying solely on export taxes or royalties.
The announcement comes as gold prices have softened, with spot prices falling to a two-month low and trading below N200,000 per gram in local markets.
While the global benchmark has seen broader volatility, the local price pressure highlights the sensitivity of African mining economies to both global spot trends and domestic policy shifts.
This development follows a similar move by neighboring Guinea, which recently enacted an immediate prohibition on the export of raw gold.
Guinea’s mandate requires all precious metal produced within its borders to be smelted, certified, and processed domestically before entering international markets.