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Guinea's president bans raw gold exports
By Ougna Camara
Bloomberg News
Sunday, June 21, 2026
Guinean President Mamadi Doumbouya announced a ban on raw gold exports, in an effort to boost local processing of the metal and help the domestic economy.
Doumbouya made the announcement during a meeting with industrial and artisanal gold producers as well as gold-buying offices operating in the West African nation.
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"Guinea has the second-largest gold reserves in West Africa, but its gold leaves the country daily in its raw state to be processed, certified, and sold elsewhere,” Doumbouya said during the meeting, which was subsequently broadcast on state-owned Radio Television Guineenne.
"I am putting an end to that starting today," he said. "Guinea will now require its gold to be processed within its own borders. Raw gold will no longer leave Guinea." ...
Doumbouya said gold will only be exported after being refined into ingots at a newly built facility in Conakry, the capital. ...
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