Audio By Carbonatix
Managers of the country's only gold refinery is pushing for laws that would compel mining firms to refine a fraction of their precious metal in the country.
Asapavasa Gold Refinery, believes this is one of the surest ways the indigenous sector can be developed.
Most of the mining firms in the country, currently transport their gold outside the country for refinery.
Quality Control Manager of the refinery, Seth Quayson tells Joy Business refining the gold locally would ensure that Ghana gets higher dividends from its gold exports.
He also disagrees with arguments that they do not have the capacity to take on such challenge.
The firm has the capacity to refine 3,215 ounces of gold a day for exports and this could be linked with big wigs in the industry like Ran Refinery and Metalor in Switzerland.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Interest payments to average a high 20% of government revenue over next 4 years
3 hours -
Strategy of accumulating foreign reserves, gold carries high fiscal cost – S&P Global
3 hours -
Weak institutional arrangements, high debt servicing constrain Ghana’s rating – S&P
3 hours -
Bond market: Turnover declined by 28% to GH¢1.56bn
3 hours -
Volta Region National Public Speaking contest advances drug prevention conversation
4 hours -
New health training facility at Ampoma-Jema to address admission shortfalls, but Minister flags missing amenities
4 hours -
Black Challenge unveiled with sights set on Amputee World Cup glory
4 hours -
Pay striking teachers before expressway spending, Dr Kingsley Agyemang tells government
5 hours -
Customs intercepts assault rifle, two pistols and 610 rounds of ammunition at Tema Port
5 hours -
PKO boxers secure wins at Odwira Festival
5 hours -
South Tongu Records Rise in Teenage Pregnancy
6 hours -
Cabinet threw out US health compact faster than anything I’ve seen – Mahama
6 hours -
MoFA urges Finance Ministry to reverse World Bank food programme withdrawal over GH¢643m commitments
6 hours -
NAGRAT demands signed timelines before calling off strike
6 hours -
National Investment Quiz: West Africa SHS, St. Louis SHS advance to semi-finals
6 hours