Consider Gold-Related Ventures

BEN ARYEE, Chief Executive Officer of Minerals Commission has advised Ghanaians to move into jewelry, gold-coin making and other post refinery gold ventures, and shun pinning their hopes on the establishment of a gold refinery as a panacea to their problems, adding �Setting up a gold refinery in Ghana will not relieve Ghanaians of all their economic problems, refining entails a lot of money and even the biggest refineries in the world, because they have excess capacity to produce, are prepared to arrange attractive terms for contracts from many parts of the world. Mr. Aryee, who was speaking at the launching of the 9th West Africa International Mining & Power Exhibition and Conference (WAMPOC) Friday in Accra, stated that Ghana must be prepared to use the right kind of technology for quality refinery. According to him, people must begin to look at ways of sustaining mining in the development of the country, so that even after the mines were closed, its legacies could still employ people. Touching on the theme: �Promoting sustainable investment through mineral resource development in the midst of the global financial crisis,� for the event scheduled for May 25- 27, 2010, Joyce Aryee, CEO, Chamber of Mines, mentioned that Ghanaians needed to exploit mining in order to meet the needs of the present generation without minimising the ability of future generations to meet theirs. She further revealed that since 1986 revenue from mining has supported Ghana�s balance of payments deficit, and has therefore called on Ghanaians to exploit mining to the fullest, adding �it has helped to raise so many engineers and other professionals.� About 150 companies, both local and foreign are expected to participate in the event.