Post #509

🇬🇭 Ghana's Minister for Finance Ato Forson and GoldBod CEO Sammy Gyamfi attended the ceremony marking the first gold bar production at Gold Coast Refinery Ltd, which bills itself as "West Africa’s largest refinery." Built all the way back in 2016, the refinery spent the last nine years sitting idle—gold refining isn’t profitable on its own unless there are massive volumes, which is why such plants are often state-owned in many countries. In Ghana’s case, unfortunately, 85% of the now-operational facility is owned by a private Egyptian company. Still, its state-sponsored launch creates a handful of jobs and, more importantly, gives authorities physical control over the flow of pure gold across the border. ➡️ Stay informed - @devilsbelow