Vice President and New Patriotic Party (NPP) flagbearer Dr. Mahamudu Bawumia has promised to peg the value of the cedi to Gold if elected as President.
According to the vice president, the 5 billion dollars worth of Gold bought under the Gold for Oil Policy has helped in stabilizing the country’s economy.
Speaking at the commissioning of the Royal Ghana Gold Refinery, Dr. Bawumia further promised to reduce withholding tax for gold export from 1.5 percent to 1 percent if elected come December 7.
According to him the state of the art Gold Refinery will help add value for the country’s gold currently being exported in the raw form.
Minister for Lands and Natural Resources Samuel Abu Jinapor on his part revealed such a refinery will help revamp the local jewellery industry.
The Damango MP further revealed another 450 million dollars Manganese refinery will be constructed at Nsuta in the Western Region all aimed at ensuring value addition to mineral resources.
Okyehene Osagye Amoatia Ofori Panin who was the guest of honour charged government to ensure the country’s resources are used for the benefits of citizens most of whom are living in abject poverty.
Source: www.kumasimail.com
