Ghana will on today outdoor the first hallmarked gold bar that has been produced and processed in the country. President Nana Akufo-Addo is expected to unveil the Ghana Standards Authority (GSA) certified gold bar at a ceremony in Accra. The Authority will as well issue a certificate of the gold bar to the Accra-based Gold Coast Refinery Limited.
Dr. Kofi Amponsah Bediako, Director of Public Relations at the GSA, told the journalists that the certification is an important milestone in the history of the country since it is the first time gold is being certified.
He said once certified the gold stands the chance of going into the international bullion market and dealers would then accept it as credible and valuable to be negotiated for and purchased. Dr. Bediako said the producers had gone through a stringent certification process and had satisfied all conditions to merit certification.
He said major benefits for the country would include adding value to raw gold resources and boosting the nation’s foreign exchange.
More so, he said, it will help to address the low incomes derived from the export of raw gold and finally help to properly account for gold exported from Ghana as the actual values of the gold will be established before export.
He urged other mineral producing companies to take certification seriously.
The GSA was established to ensure the output of high-quality goods produced in Ghana, whether for local consumption or for export; promote standardization in industry and commerce.
It also promotes industrial efficiency and development; and also promotes standards in public and industrial welfare, health and safety.