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Ghana moves toward sovereignty as it opens its first gold refinery
Ghana Opens First Gold Refinery After Centuries of Mining
By Maxwell Akalaare Adombila
Reuters
Thursday, August 8, 2024
ACCRA, Ghana -- Ghana today opened its first commercial gold refinery in Accra, the capital, as part of an effort by Africa's leading gold producer to add value and earn more from the precious metal, which has been mined here for centuries.
The Royal Ghana Gold Refinery, with capacity to process 400 kilogrammes of gold per day, will source gold dore from small-scale and artisanal miners before acquiring licences to process gold from large-scale miners.
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The refinery is a partnership between Rosy Royal Minerals of India and Ghana's central bank, which has a 20% stake.
Speaking at the opening, Vice President Mahamudu Bawumia said the launch of Royal Gold Refinery marked "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. ...
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