Ghana to construct gold refineries

Gold refinery

Ghana goes for gold

from RUSSEL ADADEVOH in Accra, Ghana
ACCRA – GHANA is set to construct two new gold refineries in a move aimed at adding value and processing the precious stone before exporting.

Addressing Ghanaians at Worcester in Boston, Massachusetts, in the United States of America, President John Dramani Mahama, said the refineries would also ensure new job opportunities have been created in the country.

While he could not be drawn to reveal the amount involved towards the establishment of the new factories, industrialists suggest the two refineries would cost “millions of dollars” to accomplish.

Mahama, who took advantage of his tour to the 69th Session of the United Nations Assembly to lure more business for Ghana, said one of the refineries would be funded through Foreign Direct Investment (FDI) while the other would financed through Precious Minerals Commission.

He said the gold refineries would also encourage mining companies to carry out their activities throughout the year.

Currently, most of these shut anytime there are falls in prices of the commodity on the international market.

– CAJ News






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Posted by on Sep 29 2014. Filed under Featured, Finance, Finance & Banking, Mining, Mining & Engineering. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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