Ghana has gone into a partnership with India to establish a gold refinery in the natural resource rich West African country.
Details available indicate that the initiative is to to refine gold in the country and also to create jobs for the youth.
The Deputy Minister of Lands and Natural Resources, Mr. George Mireku Dukerwho disclosed this explained that “We are engaging to find how the gold would be maintained here to create jobs for the youth”, he said.
He said “by the end of November, we may commission the gold refinery. We were to commission it by the middle of November but from what they are telling me, they are almost 95% done. There are few touches that they are doing and also depending on the president’s schedules, we are hoping to commission it by the end of November 2021.”
He added “the percentage of ownership has time lines. The Indian government built everything and we provided them with 20%. The 20% is our land but they built everything and that is our commitment”.
“The India government owns 80%. If we retain 20% of the refined gold…if Bank of Ghana is buying the gold, it’s the cost of the refining of the gold that is what we will get 20%. It is the cost of the refining that we have 20% and not the entire gold”.
The project is estimated at $25million.
It would be solely financed by the India government.
By: Rainbowradioonline.com/Ghana
