Ghana Plans to Ban Raw Gold Exports by 2030, President Says

The signal here is about where value gets captured in the gold chain, not about supply disappearing. A raw-export ban would push miners and traders toward domestic refining and smelting capacity that Ghana's announcement does not describe, and the absence of legislation or a timeline beyond the target year leaves the mechanism entirely open. Refiners, offtakers and export-dependent artisanal producers are the parties most exposed to how the rule is eventually drafted. Whether the plan advances from presidential statement to enacted law — and what processing capacity exists to absorb it — is the open question.