CEO of Akonta Mining Limited, Mr. Bernard Antwi-Boasiako, is suggesting that there is hope for the Ghanaian economy, if government would strive to ensure that 10 million people out of our current population, is made to own a kilo of gold.
He dubbed the operation ‘Hope of Gold; hope of Ghana Economy’.
Mr. Antwi-Boasiako popularly known as Chairman Wontumi revealed that the value of a kilo of gold on the world market is around GHC678,000 and added that if 10 million Ghanaians owned a kilo each, it would boost the economy.
Chairman Wontumi continued that if the plan is extended to our 30 million plus population, it would automatically increase the nation’s international reserves which would eventually make our currency stronger against the dollar.
Ghana To Setup A Gold Bank
The owner of Akonta Mining Limited, Mr. Bernard Antwi-Boasiako is calling on major good mining firms to come together and endorse his proposal for a Gold Bank to be set up in Ghana just like farmers have set up the Agriculture Development Bank.
In a keynote address delivered at a strategic mining workshop held at Best Atlantic Hotel in Takoradi, Mr. Antwi-Boasiako popularly known as Chairman Wontumi stated that setting up a gold bank would be good for Ghana’s economy.
He explained that setting up a gold bank would be a foundation for investors and Ghanaians to be given huge loans for business operations which would impact positively on the economy.
Chairman Wontumi stated that inasmuch as government of Ghana is looking at profiting from the royalties they get from operations of miners, it should look beyond it and endorse and work at establishing a gold bank for citizens to save with gold.
He also addressed the difficulties local large scale mining firms encounter by mentioning that finding investors, is their main problem.
He therefore called on government to extend a hand to their operations adding that “without the support from government, it would be difficult for us reach our goals. I am happy MIIF is here…it has to help the local large scale miners so that we can have funds for our operations.”
Chairman Wontumi indicated that if government supports the operations of local large scale miners, it is assured majority of the profits they make from their business would be retained in Ghana unlike foreign mining companies who take their profits out.
He acknowledged that it was a privilege for Akonta Mining Limited, a large scale local mining firm to be part of the workshop put together by the University of Oxford and was hopeful a gold bank would be established to strengthen the economy of Ghana.