Vice President Dr. Mahamudu Bawunai on Thursday, August 8, 2024 commissioned Ghana’s first large scale gold refinery, the Royal Ghana Gold Limited in Accra.
He described the initiative as a historic achievement in the natural resources sector.
The company was established through a partnership between the Government of Ghana through the Bank of Ghana and Rosy Royal Minerals Limited.
It is a state-of-the-art refinery equipped with cutting-edge technology, able to refine gold to 24 carats, 99.99% purity—same quality as a gold delivery bar (LBMA standard), significantly boosting our capacity to locally process gold and increase value-added prospects.
Ghana has the ability to locally refine our gold, and Ghana will be able to sell the refined gold at its appropriate price, enabling us to retain its economic value within our borders while creating numerous job opportunities for the youth, the Vice President said.
Dr. Bawunmia opined that the Royal Gold Refinery represents “a new era” that would help contain gold smuggling and raise national earnings from the precious metal.
“With the ability to refine our gold, we will be able to sell it at the appropriate price, enabling us to retain its economic value within our borders while creating numerous jobs for the youth,” he said.
The refinery will employ 80–120 people directly and create 500 indirect jobs, Dr. Bawumia indicated.
By: Rainbowradioonline.com/Ghana
