Ghana has been Africa's largest gold producer for centuries; however, it has never fully reaped the corresponding economic benefits. One of the primary reasons for this is Ghana's lack of capacity to refine the impure gold extracted from its mines. Consequently, the country has relied on foreign refiners to purify its gold to the internationally accepted standard of 99.99%. This dependency has resulted in local Ghanaian companies losing out on the lion’s share of the profits.

Over the years, various attempts were made to establish local gold refining in Ghana, but they failed for a multitude of reasons. This underscored the urgent need for a modern and sustainable gold refining facility in the country. To address this need, Royal Ghana Gold Limited (RGG) was formed.

RGG, a private-public joint venture between the Bank of Ghana and Rosy Royal Minerals Ltd of India, is set to revolutionize Ghana’s gold industry. Established in 2018, RGG employs state-of-the-art technology to refine gold using advanced chemical and electrical methods. The company is currently working towards earning the prestigious certification from the London Bullion Market Association (LBMA) for the purity of its refined gold. Achieving this recognition would significantly enhance the marketability of Ghana’s gold in international markets.

With an installed refining capacity of 400 kilograms of gold per day, RGG has the capability to refine the entire annual gold output of Ghana, estimated at approximately 120 tonnes. Moreover, RGG is expected to directly employ up to 200 people while creating an additional 500 indirect jobs. At the commissioning of the RGG refinery, Vice President Mahamudu Bawumia described the project as "a historic achievement towards economic transformation and industrialization."

Royal Ghana Gold also greatly benefits from the expertise of its Indian partner, Rosy Royal Minerals, led by its promoter, Mr. Murtaza Samiwala. In addition to providing financial support for the project, Mr. Samiwala brings decades of experience in the mining industry. His extensive knowledge of the granite and precious metals sectors, coupled with his deep understanding of international metals markets, will be invaluable to Royal Ghana Gold and the Ghanaian gold industry as a whole.