Ghana is making a big change in its gold industry. The country is set to stop exporting raw gold and instead, refine it locally. This move is expected to bring in more money and create jobs for Ghanaians.
Sammy Gyamfi, head of the Ghana Gold Board, says this is a major shift for the country's economy. "We've been exporting raw gold for years, but now we want to make more money from it here," he said in an interview.
The government has partnered with a local refinery, Gold Coast Refinery, to start refining gold in Ghana. They've already done a test run with 200kg of gold and plan to refine one metric ton every week. This is just the beginning, and they aim to increase production soon.
The move is part of President John Mahama's plan to boost the country's economy. By refining gold locally, Ghana can sell it for a higher price and make more money. This could be a big win for the country's economy.
Ghana is one of the biggest gold producers in the world, but it hasn't always benefited from its gold like it should. By refining gold locally, the country can create jobs and stimulate economic growth. It's a move that's been long overdue, but better late than never.
The government is optimistic about the impact of this move and is working to make sure it succeeds. If all goes well, Ghana could become a major player in the global gold refining market. Only time will tell, but for now, it's a promising start.
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1 Comments
This is a good strategy; Ghanaians have the potentials to do make raw stuffs into finished product,we are educated and need to use our educated skills to accomplish this.If we are not able to do this on our own,then why were we educated?
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