GHANA – Ghana’s gold industry which is among the largest in the African continent, has received a major boost after the country’s president, Nana Akufo-Addo launched a new gold processing plant project.
According to a report by Ghana Web, President Akufo-Addo led the cutting of the sod ceremony for the gold processing plant at Aboso in the Tarkwa-Nsuaem Municipal Assembly of the Western Region.
The Gold processing plant which will be managed by Yellow Tails Limited will boost the gold industry by further processing the huge gold produced in the western region annually, especially from small scale mining firms.
The Plant is also expected to contribute towards improving social and economic standards of people in the municipality by providing a number of direct and indirect jobs to the region’s youth who are currently unemployed.
President Akufo-Addo who cut the sod as part of his two-day tour of the Western Region, underscored the importance to create jobs for the youth to improve on the employment situation in the country.
Akufo-Addo also noted that there was a need to streamline illegal mining known as ‘galamsey’ which had destroyed the nation’s forest and water bodies.
The President in his speech further revealed that the community mining initiative would be rolled throughout the country, especially in mining areas.
President Akufo-addo also noted that his government was considering the revival of the Aboso Glass Factory which was at one time a major manufacturer and supplier of bottles for the beverage industry.
The Member of Parliament (MP) for the Prestea Huni-Valley, Mrs Barbara Oteng-Gyasi commended President Akufo-Addo for the various infrastructural development and other projects undertaken by his government.
As part of the western region tour, President Akufo-Addo had earlier launched the Gwira Community Mining project and inspected the on-going construction of the Gwira -Anyinase – Wiawso Road.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE