Gold Coast Refinery, the biggest refinery in West Africa, has offered 15 per cent share of its profit to the government as its contribution towards the streamlining of the country's gold sector.

The carried interest which would be handled by the newly constituted Gold Board on behalf of the country is in recognition of the support the refinery received from the government during its establishment, and the desire to streamline gold trade across the entire value chain. "We offer the Republic of Gha­na, represented by Gold Board, 15 per cent as carried interest.

I announce here, in my capacity, as the Chairman of the Board and CEO, and this is a gift from us to Gold Board," he emphasised.

The Board Chairman and Chief Executive Officer (CEO) of the company, Dr Saed Darez, announced this when the Chief Executive Officer of the defunct Precious Minerals Marketing Com­pany and the newly established Gold Board, Mr Sammy Gyamfi, paid courtesy call of him at his office in Accra on Wednesday.