Ghana mandates 30% gold output purchase from large miners from July 1

The Ghanaian government has announced it will mandatorily purchase 30% of large miners' gold output from July 1, directly reshaping sector economics and foreign exchange flows. The policy extends GoldBod's existing gold formalisation programme, which has already spent $16.1 billion on purchases and licensed 1,184 buyers, into a statutory obligation on major mining operators. The intervention creates new compliance obligations for listed mining companies and has material implications for forex supply and gold-linked fintech products in Ghana.