General News
Ghana to Begin Local Gold Refining on February 1 – Ghana Gold Board
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.
Thanks for reading!
Supporting local news matters. Share this story or send news tips to our newsroom.
General News
Armed Robber Expresses Remorse After Asankrangwa Heist
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.
Thanks for reading!
Supporting local news matters. Share this story or send news tips to our newsroom.
General News
Mahama Directs Tenants- Report Landlords Demanding Illegal Rent Advances to Court
Thanks for reading!
Supporting local news matters. Share this story or send news tips to our newsroom.
General News
Okada Rider Hospitalized After Speeding Collision with Tipper Truck
Thanks for reading!
Supporting local news matters. Share this story or send news tips to our newsroom.
-
Business1 month agoBurkina Faso Imposes Indefinite Ban on Tomato Exports to Ghana, Triggering Supply Crisis
-
Sports1 month agoSENEGALESE COACH BRINGS AFCON TROPHY TO MILITARY BASE IN SYMBOLIC DISPLAY OF NATIONAL SECURITY
-
Entertainment3 weeks agoAbu Trica Extradition Case Exposes Fault Lines in Ghana-US Judicial Relations according to Osagyefo Oliver Baker-Vormawor
-
General News1 month agoMahama Directs Tenants- Report Landlords Demanding Illegal Rent Advances to Court
-
Entertainment3 weeks ago“If This Was TV3’s, It Would Have Been Done”: Captain Smart Threatens to Quit Media General Live On Air Over Faulty Air Condition
-
Entertainment4 weeks agoCourt Restrains Papa Shee, Akosua Serwaa from Hosting ‘Celebration of Life’ Event
