Ghana to Begin Local Gold Refining on February 1 – Ghana Gold Board - Agonaman Media
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Ghana to Begin Local Gold Refining on February 1 – Ghana Gold Board

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Ghana is set to achieve a major economic milestone by refining its own gold starting February 1, 2026. This follows a landmark agreement signed between the Ghana Gold Board (GoldBod) and Gold Coast Refinery on Tuesday. GoldBod CEO Sammy Gyamfi announced that the partnership will see one metric tonne of gold refined every week. This initiative ends the country’s long-term dependence on exporting raw gold to international markets.

Gyamfi explained that the move ensures Ghana finally owns and controls its precious mineral resources. The deal is expected to create thousands of direct and indirect jobs for the youth. Gold Coast Refinery will operate 24 hours a day to meet the targets set by the government. This alignment with the 24-hour economy policy aims to maximize productivity and national revenue.

The agreement covers gold sourced from both small-scale and large-scale mining operations. Refined gold will reach a purity standard of 99.9% before it is traded or exported globally. This shift is designed to strengthen Ghana’s position in the global gold value chain. The nation also stands to benefit from higher tax revenues and dividends from its 15% free-carried interest.

Dr. Saed Deraz, CEO of Gold Coast Refinery, praised the vision behind the new Ghana Gold Board. He noted that the facility has the capacity to process up to 100 metric tonnes of gold annually. He believes this industrialization drive will make Ghana more self-reliant and economically confident. The refinery is fully equipped to meet the highest international standards for gold processing.  

This development is being hailed as a decisive step toward a stronger national economy. By adding value to its gold, Ghana expects a significant boost in its total export earnings. Government officials say the move reflects a commitment to growth and local industrialization. The local refining process officially marks a new era for the Ghanaian mining sector.

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Hospitals Running Without Government Funds Since November 2025” – GRNMA Sounds Alarm

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The Ghana Registered Nurses and Midwives Association has called on the National Health Insurance Authority to urgently settle outstanding arrears owed to health facilities across the country.

According to the association, delays in payments dating back to November 2025 are placing significant pressure on hospitals and affecting healthcare delivery.

Speaking to journalists during the launch of Critical Care Awareness Month organised by the Critical Care Nurses Association of Ghana on May 14, the First Vice President of GRNMA, Akoglo Samuel Alagkora, expressed concern over the continued funding gaps in the health sector.

“Since November 2025, what are they using to run the hospitals? No single amount is going to the health institutions from the government of Ghana. It’s what the hospitals generate that is what they are using to run. If we don’t pay them, what do we expect them to do? The suppliers are chasing them,” he stated.

Mr. Alagkora further explained that nurses are increasingly being forced to take on additional responsibilities to help sustain patient care amid the financial challenges facing hospitals.

He warned that patient care could be severely affected if nurses stop stepping in to fill critical operational gaps within healthcare facilities.

The concerns raised by GRNMA add to ongoing discussions about funding challenges within Ghana’s healthcare system and the need for timely disbursement of NHIS funds to health institutions.

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Armed Robber Expresses Remorse After Asankrangwa Heist

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In a dramatic turn of events following a daring daylight robbery in the Amenfi West Municipality, one of five suspected armed robbers has publicly apologized and vowed to turn over a new leaf. The suspect, who was paraded before the press, expressed deep regret for his actions following his arrest in connection with an incident at Malta, a suburb of Asankrangwa. “I am sorry. I won’t steal again,” he stated, offering a plea for forgiveness as he was identified by police as a member of the gang that allegedly terrorized workers at a Chinese heavy-duty machinery company.

According to police reports, the gang is accused of a violent and well-coordinated operation in which they held employees of the Chinese firm hostage. During the ordeal, the suspects made away with a staggering sum of Gh¢200,000.00. The crime has sent shockwaves through the local business community, highlighting the brazen nature of the attack, which combined the serious offenses of unlawful restraint and high-value robbery. The use of hostages and the substantial amount stolen point to a professionally executed, high-risk criminal enterprise.

Despite the suspect’s expressed remorse, legal experts note that the apology is unlikely to shield him from the full weight of the law. He and his four accomplices are expected to face a litany of charges, including conspiracy to commit robbery, unlawful imprisonment, and armed robbery. While a show of regret can sometimes be considered a mitigating factor in court, the severity of the crimes—particularly the hostage-taking and the large sum of money involved—means the gang still faces a lengthy prison sentence if convicted.

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Mahama Directs Tenants- Report Landlords Demanding Illegal Rent Advances to Court

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Accra, GHANA — President John Dramani Mahama has issued a firm directive to tenants, urging them to report landlords who demand rent advances exceeding the legal limit to the Rent Court, with a promise that the government will ensure offenders are held accountable. The President made the call during a meeting with Organised Labour at the Jubilee House in Accra on Tuesday, responding to a widespread public outcry over the common practice of landlords demanding two to three years of rent upfront. He assured tenants that they no longer need to suffer in silence, stating unequivocally, “You can report them to the rent court, and we will ensure they are dealt with.”

The President’s statement serves as a reinforcement of the existing Rent Act, 1963 (Act 220), which clearly prohibits landlords from demanding more than six months’ rent advance for any tenancy exceeding six months. Despite this long-standing law, the practice of demanding exorbitant advance payments has become normalized, placing a significant financial burden on Ghanaian workers and families. By empowering tenants to seek legal redress, President Mahama is aiming to dismantle this exploitative practice and restore the protections that are legally afforded to tenants but have been widely ignored.

President Mahama attributed the rise in these excessive demands to Ghana’s significant housing deficit, which gives landlords disproportionate leverage in negotiations. He acknowledged that the scarcity of affordable housing forces desperate tenants to agree to unlawful terms, creating a cycle of exploitation. To address this root cause, the President called for a broader national housing dialogue to develop a sustainable social housing policy. Such a policy, he noted, could make homeownership more attainable for workers through favorable mortgages and also help regulate the rental market to ensure fairer costs.

While the President’s directive has been welcomed as a crucial step toward tenant protection, it also highlights the need for systemic reform within the institutions responsible for enforcement. The Rent Control Department, which manages these disputes, faces significant logistical challenges, including a severe shortage of resources, which hampers its ability to effectively investigate and act on complaints. As a new Rent Bill is currently being considered to modernize the outdated 1963 Act and potentially establish a more powerful Ghana Rent Authority, the government’s commitment to holding landlords accountable will depend not only on tenant action but also on strengthening the very courts and agencies tasked with upholding the law.

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