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    DDEP: Government hopeful bondholders will register for programme

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    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

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    Pensioners to picket at Finance Ministry over DDE

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

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Gov’t urged to make Ghana a jewelry production hub in Africa

byBobbie Osei
February 21, 2022
in Local Economy, Mining, Top Stories
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Acting Executive Vice President and Head of Gold Fields in West Africa, Joshua Mortoti has urged the government to prioritize turning Ghana into a jewellery production hub on the continent.

Ghana overtook South Africa as the continent’s largest gold producer with 4.8 million ounces in 2018 and increased the production to 5.0 million ounces in 2020, despite the COVID-19 pandemic.

But the country, exports almost all of this gold in the raw state, compelling local jewellers to import refined gold at higher costs to produce the jewellery.

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In an interview with Citi Business News on the need to add value to Ghana’s gold, Mr. Joshua Mortoti said real value addition is not necessarily in gold refining.

“Jewelry production is where real value addition happens, that’s where you employ a lot of people. So if you ask me as a Ghanaian I would say our focus should be on turning Ghana into a real jewellery production hub, to create the real value addition that we want and not necessarily focus only on refining as value addition.”

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