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China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Internet
Ghana is reducing drastically the export of unprocessed gold with the setting up of its first National Gold Refinery by July 2019.
Although Ghana is one of the top 10 gold producing countries in the world with estimated production at 92 metric tonnes per year, its quest to add value to the raw gold has not yet been realised.
Precious Minerals Marketing Congress (PMMC) has partnered with private Ghanaian registered company Royal Ghana Gold to establish a 20-million-dollar gold refinery in the country.
The facility when completed, will help reduce the volume of gold exported annually by at least 50 percent.At a groundbreaking ceremony in Accra, Deputy Lands and Natural Resources Minister, Benito Owusu Bio assured that this dream would be a reality.
Chief Executive Officer of the PMMC, Dr. Kwadwo Opare-Hammond, is confident that facility will boost the country's revenue from gold export.Meanwhile, contractors of the facility are optimistic of meeting the 2019 deadline.
Ghana is one of the top 10 gold producing countries in the world with production over the last three years pegged at 92 metric tonnes per year.Although the history of the country in gold production dates back to over 100 years, the quest to add value to the raw gold has remained only a dream.
