Ghana on Thursday opened a new gold refinery, the first of its kind in West Africa, to bring more value from the natural resource and solidify its standing as continent’s top gold producer.
The Royal Ghana Gold Refinery is set to become only the second in Africa to achieve the prestigious London Bullion Market Association (LBMA) Good Delivery Bar Certification.
The state-of-the-art refinery, located in Accra, was commissioned on Thursday by Vice President Mahamudu Bawumia, who hailed it as a “historic achievement… towards economic transformation and industrialisation.”
The refinery, a partnership with the Bank of Ghana and Rosy Royal Minerals Limited, has the capacity to refine up to 400 kilogrammes of gold per day.
This amounts to an annual capacity of 120 tons, sufficient to process all of Ghana’s gold production, which averages around four million ounces per year.
Currently,…
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