Vice President Dr. Mahamudu Bawumia has inaugurated the Royal Ghana Gold Refinery.
The new refinery, capable of refining gold to 24 carats with a 99.99% purity, is set to enhance the value of gold exports from Ghana.
The facility, which promises to create 80 to 120 direct jobs and around 500 indirect employment opportunities, is expected to boost domestic tax revenue and contribute to the country’s economic transformation.
During the commissioning, Dr. Bawumia emphasized the significance of this development in the natural resources sector, particularly in gold.
He lauded the partnership between the Government of Ghana, the Bank of Ghana, and Rosy Royal Minerals Limited for adding value to the nation’s natural resources, creating jobs, and ensuring sustainable economic growth.
“This state-of-the-art refinery being commissioned today is equipped with cutting-edge technology that meets international standards, significantly boosting our capacity to locally process gold and increase value addition prospects,” he stated.
Dr. Bawumia highlighted the importance of responsible sourcing of gold for the refinery, ensuring that it is extracted legally, with respect for the environment, and free from conflict and human rights abuses.
The Vice President assured that the government would work closely with the Royal Ghana Gold Refinery to achieve London Bullion Market Association (LBMA) certification within three years, making it the second such refinery in Africa.
He also urged domestic mines to prioritize this refinery to enhance Ghana’s presence on the global gold market, reflecting the country’s determination to harness its mineral resources for the benefit of all Ghanaians.
