Ghana launched a new gold refinery on Thursday, the first in West Africa, with the aim of extracting greater value from the countrys natural resource and reinforcing its position as the leading gold producer in Africa.
The Royal Ghana Gold Refinery is poised to be just the second in Africa to attain the highly esteemed 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, established in collaboration with the Bank of Ghana and Rosy Royal Minerals Limited, can process as much as 400 kilograms of gold per day.
This translates to a yearly capability of 120 tons, enough to handle all of the West African countrys gold production, which usually averages about four million ounces per year.
