The refinery which would be sited within the free zone enclave of the Boankra Inland Port, is a collaboration between Blaze Metal Resources, a Ghanaian company that deals in gold and their business counterparts, 777 Project Development Consultant based in Dubai (UAE).
The $30 million refinery, when completed would be one of the biggest in the sub region with the capacity to refine 500 Kg of gold daily and will produce up to 24 carat gold.
Blaze Metal Resources led by its board chairman, Nana Boakye Mensa, the Oyokohene of Worawora, had held meetings with the Asantehene, Otumfuo Osei Tutu II where the group made a presentation on the proposed refinery to the overlord of Asanteman.
The meeting also discussed the land acquisition process to enable the investors move to site on time to start work.
At a press briefing, Nana Mensa said after trading in gold for almost 10 years, the company thought it wise that it was time to set up a refinery in the country to add value to the mineral instead of exporting it raw.