Gold value chain presents immense opportunities for job creation, increased foreign exchange earnings – BoG Governor
Published:
1 month ago
Source:
3News
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said that gold is currently the leading export commodity with projected export earnings for 2024 estimated at close to US$10 billion. Its value chain presents immense opportunities for job creation, increased foreign exchange earnings, and economic development, he said. Even though Ghana has exported minerals, in particular Gold for over a century, its full potential on the local economy has yet to be fully realized, he observed. The exportation of raw materials without value addition results in potential loss of revenue and jobs, he said during the opening of Royal Gold Ghana Limited (RGGL) on Thursday, August 8. Dr Addison said the opening of this gold refinery opens a new era to promote gold beneficiation and value addition which will contribute to economic growth, poverty reduction, and ultimately improvement in the livelihoods of Ghanaians.