The Vice President of Ghana, Dr. Mahamudu Bawumia says Government is able to collaborate with the board and administration of Rand Refinery to assist Ghana get hold of London Bullion Market Association (LBMA) Certification.
Underscoring the significance of the LBMA certificates to the federal government’s plan to develop the mineral business and make Ghana a key participant within the refinery of mineral assets, Dr Bawumia stated attaining the certification will propel Ghana to take part and exploit absolutely the advantages within the mineral worth chain.
He acknowledged that the gamut of expertise and experience of the Certification makes them strategic and helpful companions to Ghana and that partnering them will assist the nation evade the blunders different nation’s dedicated on their journey to creating refinery hubs of their mining sector, “because you have a very long history in this area and also help us not to repeat mistakes of others”.
Dr Bawumia made these remarks when the Minister of Lands and Natural Resources, Hon.Samuel A. Jinapor led the delegation from Rand Refinery to name on the Vice President on Monday, October 31, 2022 in Accra .
The assembly was to deliberate on methods of actualizing authorities’s agenda to make Ghana a hub for the processing and refining of mineral assets and specifically acquiring the LBMA Certification for the nation.
The Chairman of Rand Refinery, Mr. Rams Ramashira disclosed that his outfit has held constructive preliminary talks with the the Ministry and different key stakeholders.
He stated the CEO of Rand Refinery is a member of the LBMA Board and “we are very happy to be of assistance and share some experiences and strike some alliances and hope the meeting with key stakeholders will help develop something concrete for the two parties”.
Earlier on Monday, 31 October 2022, the Hon. Minister for Lands and Natural Resources, Samuel A. Jinapor obtained the visiting Rand Refinery delegation on the Ministry.
He indicated that his invitation to the Rand refinery is to have them maintain discussions and share concepts on tips on how to transfer ahead with the partnership that exist between the events.
He advocated for an clever and efficient collaboration between the federal government and LBMA to make sure that the certification is issued.
He took the group by way of the itinerary for the go to and hoped that will probably be a fruitful one as they will get the chance to fulfill the Vice President who he stated has been very enthusiastic about leveraging the gold business and the gold worth chain in Ghana in help of the nationwide financial system.
“The idea is that this visit is productive and substantive and that it gives us the opportunity to delve into the concrete issues with concrete outcomes” , he stated.
The Sector Minister thanked the group for his or her hospitality throughout his final go to to thier Refinery in South Africa, indicating that the tour of their refinery was very enlightening and educative.
He hoped that on the finish of all conferences and discussions the Ministry would have the ability to purchase ample mentorship from Rand Refinery.
“we should be able to find a workable platform to engage cause as I believe all of us acknowledge that your refinery turns to be the leader when it comes to the business of Gold Refinery in Africa and therefore whatever we seek to do,
here in Ghana, our idea is to get sufficient mentorship from your outfit.”
The Sector Minister stated as a lot as potential it’s his need that Rand Refinery will have the ability to set up a department in Ghana maybe by way of a partnership with an present Refinery.
The CEO of Rand Refinery, Mr. Praveen Baijnath on his half stated they’re excited and really expectant in regards to the alternative to associate Ghana on the occasion of building a Refinery within the nation.
He allued that their basic goal on this journey is to fulfill all stakeholders concerned within the gold worth chain to higher perceive authorities expectations and to think about how finest they will unlock their belongings obtainable to fulfill up on that stage.
“Our general strategic objective is to collect much intelligence and data as possible to build a business case and see how we can develop it”.
Also with the Minister had been the Deputy Minister in Charge Mines, Hon. George Mireku Duker, the CEO of Minerals Commission, Mr. Martin Ayisi, the Advisor on Mines to the Minister, Mr. Ben Aryee, the Managing Director of PMMC, Nana AKwasi Awuah and different officers from the Ministry.