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Ghana opens first gold refinery after centuries of mining

Ghana opened its first commercial gold refinery in Accra, the capital, on Thursday.

This is part of an effort by Africa's leading gold producer to add value and earn more from the precious metal, which has been mined for centuries.

The Royal Ghana Gold Refinery, with capacity to process 400 kilogrammes (kg) of gold per day, will source gold dore from small-scale and artisanal miners before acquiring licences to process gold from large-scale miners.

The refinery is a partnership between Rosy Royal Minerals of India and Ghana's central bank, with a 20% stake.

Speaking at the opening, Vice President Mahamudu Bawumia said the launch of Royal Gold Refinery marked "a new era" that would help contain gold smuggling and raise national earnings from the precious metal.

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