Vice President Dr Mahamudu Bawumia on Thursday, August 8 commissioned the first large-scale gold refinery in Ghana, the Royal Ghana Gold Limited in Accra. He described it as a historic achievement in the natural resources sector. Established through a partnership between the Government of Ghana through the Bank of Ghana and Rosy Royal Minerals Limited, Dr Bawumia said, the state-of-the-art refinery is equipped with cutting-edge technology, able to refine gold to 24 carats, 99.99% purity -same quality as a gold delivery bar (LBMA standard) and significantly boosting our capacity to locally process gold and increase value addition prospects. "With the ability to locally refine our gold, Ghana will be able to sell the refined gold at its appropriate price, enabling us to retain its economic value within our borders, while creating numerous job opportunities for the youth," he wrote on his Facebook page after the commissioning of the facility. During the event, Dr Mahamudu Bawumia has said the Cedi can be best supported with gold. To that end, he has proposed a framework that will ensure that all significant demand for gold are channeled through the Bank of Ghana's gold purchase programme.