Ghana Ends Raw Gold Exports, Reclaims the Metal's True Value With Local Refining
Ghana Ends Raw Gold Exports, Reclaims the Metal's True Value With Local Refining
For decades, Ghana's gold has traveled thousands of miles to be purified, a journey that stripped the nation of both the precious metal and profit. That circuit now closes under a new state-backed refinery pact, which aims to transform Ghana from a mere exporter of ore into a hub for finished high-value bullion.
What Ghana seeks to do now is to be able to transform itself from just a raw producer of gold to a producer of finished gold, which can unlock a lot of opportunities here for job creation.
#AfricanCurrents spoke with two Ghanaian scholars closely tracking the development. Dr. Atanga Raymond Aitibasa, a lecturer in Environmental Science at C.K. Tedam University of Technology and Applied Sciences (CKT-UTAS) in Navrongo, and Dr. Jasper Abembia Ayelazuno, a Lecturer in Development Studies at the University for Development Studies, Ghana.
As Ghana chooses in-country refining of its gold over royalties, could this signal the end of a colonial resource extraction model?
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