Global commodities trader Trafigura Group has entered Ghana’s gold sector through a landmark offtake agreement with Heath Goldfields Ltd., covering the purchase of 700,000 ounces of gold from the Bogoso–Prestea Mine.
The agreement, valued at approximately $2.3 billion at current market prices, grants Trafigura the right to purchase and market all gold doré produced from the operation. The deal also includes a $65 million financing facility aimed at supporting the restart and scaling of oxide ore production at the mine.
The Bogoso–Prestea asset, located in western Ghana, has historically produced more than 9 million ounces of gold since operations began in 1912. The mine was previously inactive before being acquired by Heath Goldfields, which successfully resumed production in February 2026.
The structure of the transaction reflects a hybrid model combining commodity offtake with project financing—an increasingly common approach in resource-backed deals. Under this arrangement, Heath Goldfields secures both immediate liquidity and guaranteed market access, while Trafigura strengthens its upstream exposure to gold supply in one of the world’s leading gold-producing nations.
From a valuation perspective, the scale of the agreement is closely tied to global gold price movements. At an estimated $3,300 per ounce, the contract value stands at $2.3 billion, with upside potential toward $2.8 billion should prices approach $4,000 per ounce.
The transaction is also notable for its ownership dynamics. Heath Goldfields is a fully Ghanaian-owned mining company, making this one of the largest gold offtake agreements involving an indigenous operator. This aligns with broader policy objectives to deepen local participation in Ghana’s extractive sector and retain more value within the domestic economy.
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For Ghana, the deal underscores continued investor confidence in its gold industry, which remains a cornerstone of export earnings and foreign exchange inflows. Gold accounts for a significant share of the country’s export revenues, and increased production from assets such as Bogoso–Prestea is expected to support external balances and cu
Trafigura’s entry into the Ghanaian gold market signals a strategic expansion of its commodities portfolio while reinforcing Ghana’s position as a key destination for global resource capital. The agreement is expected to enhance operational activity at the mine, stimulate employment, and contribute to broader economic growth through strengthened linkages across the mining value chain.
