Flagstaff Communications’ Post

📰 Weekly Gold Update from Ghana 🌟 Hello from FDEK Gold Hub! Here's the latest news on the gold market in Ghana: 🔸 Gold Price: This week, gold in Ghana is holding steady at 6650 cedis per pound, showing stability in the local market. 🔸 Market Overview: Despite global market fluctuations, Ghana's gold market remains resilient, offering reliable investment opportunities. 🔸 Investment Potential: With consistent prices, now is a great time to explore investing in Ghana's gold sector. Whether you're new to investing or experienced, FDEK Gold Hub is here to help. 🔸 Trustworthy Transactions: At FDEK Gold Hub, we prioritize transparent and trustworthy transactions, ensuring peace of mind for our clients. 🔸 Future Prospects: Looking ahead, the Ghanaian gold market shows promise for continued growth and opportunities for investors. Interested in seizing opportunities in Ghana's gold market? Contact FDEK Gold Hub today to learn more! #GoldMarket #GhanaGold #InvestmentOpportunity #FDEKGoldHub 📈💼✨

Ghana's New Gold Refinery: A Step Toward Added Value Ghana has officially launched its first commercial gold refinery, aiming to enhance the value derived from its gold industry. This new facility, where the state holds a 20% share, represents a significant advancement for Africa's leading gold producer. The Royal Ghana Gold Refinery, a public-private partnership with Rosy Royal Minerals, has the capacity to process 400 kg of gold daily. Vice President Mahamudu Bawumia emphasized that this initiative is expected to reduce gold smuggling and increase national earnings from the precious metal. This strategic move is intended to add value to Ghana’s gold sector and support economic growth through improved revenue from its gold resources. Read more here - https://lnkd.in/e3msc5HS #Ghana #GoldRefinery #EconomicGrowth #GoldIndustry #ValueAddition #PublicPrivatePartnership #AfricaInsights

NEWSFLASH: I am pleased to report that the National Gold Purchase programme, which aims to increase our country’s reserves and boost the value of the naira, is making significant progress. Recently, I had the honor of presenting the latest gold bars to HE President Bola Ahmed Tinubu. The bars were sourced from artisanal and small gold miners and refined by an agency of our Ministry, the Solid Minerals Development Fund. They have met the London Bullion Market Association Good Delivery Standard and will soon be sold to the Central Bank of Nigeria to strengthen our foreign reserves. This marks the first commercial transaction under the National Gold Purchase Program (NGPP), which is a centralised offtake scheme supported by a decentralised aggregation and production network of artisanal and small-scale miners and cooperatives. Furthermore, I am proud to announce that this first commercial transaction has resulted in a substantial increase of over US$5 million in Nigeria's foreign reserves assets, the refinement of over 70 kilograms of gold to the London Bullion Market Good Delivery Standard, and the successful aggregation of locally mined gold, injecting around NGN6 billion into the rural economy. Dele Alake Minister of Solid Minerals #hammidbakare #OpeningMonologue #fypyou #News #GoldPurchase #tiktoknewsupdate #PresidentBolaAhmedTinubu #DeleAlake #RenewedHopePolicies #GreatnessIsComing

Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦

Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) says it is making good progress with the early works programme at its Tulu Kapi mine in Ethiopia ahead of the receipt of final approval for full construction to start. The early works programme will run through September 2024 and provide the basis for full financial close and commencement of Major Works in October 2024, ahead of the commissioning of production in mid-2026, according to a statement. KEFI added that along with its banks, its executives are in regular contact with the relevant government officials to resolve the remaining few administrative issues. An internal corporate re-organisation is being implemented to facilitate closing with regional investors and, in due course, the local stock exchange listing of securities issued to locals by the Ethiopian holding company, Tulu Kapi Gold Mines Share Company (TKGM). Subject to the finalisation of full project... More at #Proactive #ProactiveInvestors http://ow.ly/oG5w105A60C

Ghana Regains Leading Gold Producer Position Ghana has resumed her position as the leading gold producer in Africa. President Akufo-Addo disclosed this in Parliament when he delivered his last State of the Nation (SONA). “Mr. Speaker, last year, Ghana regained her position as the leading producer of gold in Africa, having overtaken South Africa. Our gold production reached an unprecedented four million ounces (4 million oz), according to preliminary reports. “This is as a result of the progressive policies we have been implementing, which have led to the revival of dormant mines like the Obuasi and Bibiani Mines, and the expansion of existing ones. The reduction in withholding tax on unprocessed gold by small-scale miners, from three percent (3%) to one and a half percent (1.5%), has resulted in some nine hundred percent (900%) increment in gold export from the small-scale sector, over the last two (2) years.” #GhanaGoldRevival, #LeadingGoldProducerAfrica, #GoldForOilPolicy, #SustainableMiningGhana, #GreenMineralsInitiative

🌍 Gold Trade in Uganda: A Tremendous Leap Forward! 🌍 Over the last three months, the gold trade in Uganda has seen remarkable growth and development. We're witnessing increased activity and confidence in the market, reflecting the country's rising prominence as a key player in the global gold industry. 💰 Fair Prices, Global Standards 💰 What sets Uganda apart? Our gold prices remain incredibly competitive compared to global standards, offering buyers a unique opportunity to invest in high-quality gold at fair rates. At Kivu Central Miners, we pride ourselves on delivering Africa's finest gold, sourced responsibly from the rich Kivu region of Congo. ✨ Why Buy from Ugandan Firms? ✨ Buying from Ugandan firms like ours ensures not only excellent value for money but also supports sustainable and ethical mining practices. Our commitment to quality, transparency, and customer satisfaction makes us the preferred choice for gold traders and investors looking to secure their future with confidence. Join the growing number of satisfied clients and experience the unmatched advantage of trading with Kivu Central Miners. #GoldTrade #UgandaGold #KivuCentralMiners #FairPrices #SustainableMining #AfricaGold