{"id":210128,"date":"2024-08-17T06:52:21","date_gmt":"2024-08-17T06:52:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/17\/ghana-opens-first-gold-refinery\/"},"modified":"2024-08-17T06:52:21","modified_gmt":"2024-08-17T06:52:21","slug":"ghana-opens-first-gold-refinery","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/17\/ghana-opens-first-gold-refinery\/","title":{"rendered":"Ghana opens first gold refinery"},"content":{"rendered":"

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Ghana has opened its first gold refinery, creating up to 500 jobs. Credit: domnitsky via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Ghana, the leading gold producer in Africa, has opened the country\u2019s first gold refinery.<\/p>\n

Located in Accra, the Royal Ghana Gold Refinery is part of Ghana\u2019s wider effort to increase the value of its gold and earn more money from the metal.<\/p>\n

The refinery has been established through a partnership between Rosy Royal Minerals of India and Ghana\u2019s central bank, with a 20% stake. The refinery plans to distribute licences to small-scale mining companies to help reach its capacity of 400kg\/day.<\/p>\n

Speaking at the launch of the refinery, Ghana\u2019s vice-president Mahamudu Bawumia stated: \u201cWith 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.\u201d<\/p>\n

The refinery is set to create 500 jobs in total with 80-120 jobs created directly from the refinery, according to press reports.<\/p>\n

In 2021, the Bank of Ghana launched its Gold Purchase Programme to build its gold reserves through domestic purchases and create a foundation for credit currency.\u00a0\u00a0\u00a0<\/p>\n

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