Ghana’s Vice President, Dr. Mahamudu Bawumia, has officially commissioned the Royal Ghana Gold Refinery, which is Ghana’s first gold refinery.

The refinery has the capacity to refine 400 kilograms of Dore gold per day, allowing it to process all the gold exported from Ghana over 300 working days annually.

The state-of-the-art facility located in the capital, Accra, is set to enhance the value of gold exported from Ghana by refining it to 24 carats, 99.99% purity, matching the quality of a good delivery bar (LBMA standard).

It is also expected to create between 80 to 120 direct jobs and an additional 500 indirect employment opportunities, significantly boosting domestic tax revenue through corporate taxes.