Business News of Monday, 3 February 2020Source: www.ghanaweb.comBoG to commence gold refinery program this year – GovernorGovernor of the Bank of Ghana, Dr. Ernest AddisonIn a bid to strengthen the Central Bank’s holdings in precious metal gold, the Governor of the bank says it will in the middle of this year commence a gold refinery program. According to Dr Ernest Addison, the decision to purchase gold was taken last year with an aim to work with local gold buying agents. “We’re currently finalizing arrangements for the refining of that gold. Recently President Akufo-Addo said the AngloGold Ashanti Limited has agreed it will contribute US$2 for every ounce of gold produced into a Community Trust Fund, over the lifespan of its Obuasi Mine to facilitate development projects in the local communities of the area. According to him, a one-off contribution of US$250,000 has been paid into the Trust Fund to develop these local communities ahead of the company’s commencement of gold production at the mine.

Source: GhanaWeb February 03, 2020 10:07 UTC