Nelson Cudjoe Kuagbezie an investment analyst, has welcomed Ghana’s decision to refine gold locally before export but says the government should take a more aggressive approach to adding value across other key sectors of the economy.
Mr Nelson Cudjoe Kuagbezie has also praised efforts by the Ghana Gold Board (GoldBod) to process locally purchased gold before export, describing the initiative as a positive step for the economy.
Speaking in an interview with 3Business on 21 January 2026, Mr Kuagbezie noted that “We should not limit ourselves to only gold. I think there are still some untapped sectors of the economy that are very strategic,” emphasizing that, the move should, however, be extended beyond the gold sector to other strategic areas of the economy.
The investment analyst also argued that value addition to commodities such as minerals and agricultural produce would enable Ghana to earn more foreign exchange and build greater resilience in the economy.
On the gold initiative, Mr Kuagbezie noted that “On a global scale, I think the initiative by the Gold Board is good. It is going to serve the country well,” he however confirmed that, the policy aligns with global best practice and would serve the country well in the long term.
His comments follow an agreement between GoldBod and Gold Coast Refinery Limited to process one tonne, or 1,000 kilogrammes, of gold each week. Under the deal, gold ore will be refined into bullion locally before export, signaling a shift away from exporting unprocessed gold.
The government has said the move is part of broader efforts to maximise revenue from Ghana’s natural resources and retain more value within the domestic economy.
