GoldBod Signs Deal To Boost Gold Value Addition In Ghana
In a move aimed at strengthening value addition in Ghana’s gold sector before export, the Ghana Gold Board has signed a strategic agreement with Royal Ghana Gold Refinery.
The partnership, the second of its kind by GoldBod, is expected to help reduce gold purity losses during refining while improving the value the country earns from its gold exports.
Speaking at the signing ceremony on Monday, May 25, the Chief Executive Officer of GoldBod, Sammy Gyamfi, said the agreement forms part of the government’s broader strategy to maximise returns from Ghana’s mineral resources and build a more resilient economy through value addition.
“His Excellency has been very clear that once private investors have made investments, the government must provide a congenial atmosphere for them to thrive, irrespective of when they were incorporated. And so we do what we do without any discrimination, respecting private investments by all parties. And so we are happy to have you here.
He added, “The agreement that we’ll be signing with you is similar to what we signed with Gold Coast Refinery. It will allow you to refine up to one metric tonne of gold every week, depending on your operational capacity. With the supplies there, thanks to the support we received from the Bank of Ghana, we are able to mop up, on average, 2.5 metric tonnes of gold every week. And it is our wish that all the gold we buy from the small sector alone can be refined here in Ghana.”
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