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After more than a century of gold mining and export, Ghana has for the first time developed the ability to certify gold bullion produced in the country before it is sold. Be exported.
This means that refined gold bullion for export to the international bullion market will now carry a standardized local compliance mark certifying the purity and quantity of their content.
They must be baptized "Ghana gold".
The first stamped gold ingot was presented to Gold Coast Refinery Limited, a gold trading company, by the chief executive of the Ghana Standards Authority (GSA), Professor Alex Dodoo, at the 39, a ceremony in Accra.
The certification process is a system aligned with the global marking criteria. It was adopted at the Vienna Convention in 1972.
Ghana's certification includes the Ghana Standard Authority's mark of conformity, the fineness number, which corresponds to the carats of refined gold, as well as the central marking and punching mark.
traceability
Speaking at the event, Professor Dodoo said the certification process, also known as punching, would ensure the traceability of refined gold to the country. origin.
"GSA has developed and adopted more than 10 national and international standards for gold and other valuable minerals. We have also set up a world-clbad gold badysis laboratory, equipped with state-of-the-art equipment, including an X-ray fluorescence fixture and all the requirements in the field. badysis by fire badysis, "he said.
The gold dosage is a technical process to determine the purity and value of gold.
Importance
The Minister of Trade and Industry, Alan Kyerematen, who was the special honorary guest of the ceremony, said that the inauguration of the hallmarked gold ingot was a important achievement of the history of Ghana.
He added that this could put an end to continued exports of crude gold, which would deprive the country of all the badociated benefits, including by-products of refining, such as silver, platinum and palladium.
"Our country has the reputation of being the gold coast of Africa, but our country is not internationally recognized in the gold trade because we only export from the country. 39, raw gold.
"In order for us to be able to trade in the global gold market, we must obtain the certification that guarantees and confirms the quality of our trade and that is why we are here today," he said. he declared.
He said that with the country's resolve in favor of aggressive industrial transformation, companies needed to adopt the standard global ecosystem regimes that supported any industrialization agenda.
Gift in the state
Meanwhile, the historic gold bullion, which will appear in the archives as the first to receive this certification, has been presented to the state as a gift that must be placed in trust by the president on behalf of l & # 39; State.
Mr. Kyerematen, who received the gift on behalf of the state, badured the Gold Coast Refinery of the government's commitment to the development of society and the private sector as a whole.
Gold Coast Operations
Gold Coast Refinery General Manager, Sampson Nortey, explained that obtaining this certificate was a considerable benefit to the economy as it gave impetus to the government's industrialization agenda, which is primarily to add value to the country's natural resources.
"We can now say with certainty that we have a finished product that can be sold on the international bullion market as Ghana's gold punch," he said.
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