The Vice President, Professor Naana Jane Opoku-Agyemang says value addition to Ghana’s natural resources, particularly gold, remains critical to strengthening the economy.
Speaking at the opening of the Heritage Village by Goldbod Jewellery, she explained that the need to intensify ongoing efforts to process raw materials into finished products will not only enhance global competitiveness but support job creation.
“Gold has become one of our most important natural resources and source of national pride, therefore, initiatives that promote value addition within this sector vitalise our position within the global economy. It is also a promising sign that young entrepreneurs and emerging businesses are represented here,” she said.
According to her, for Ghana to get unto the global competitive world of industries, all stakeholders have to come on board for such transformation.
“Ghana’s economy will be driven by individuals and businesses that can turn local resources into products that are capable of competing confidently on the global market. I encourage all participants, all businesses to continue investing in quality innovation, collaboration in order to strengthen Ghana’s industrial and entrepreneurial ecosystem,” the Vice President noted.
Meanwhile, the Managing Director of Goldbod Jewellery Limited, Gertrude Emefa Donkor raised concerns over Ghana’s $20 billion raw gold exports, noting that they undermine local jobs hence the need to add value to it.
“For far too long, Ghana has exported vast quantities of raw gold, recording approximately 20 billion dollars export earnings in 2025 alone, yet imported finished jewellery with hundreds of thousands of dollars annually. This imbalance means we lose significant value, jobs and economic multipliers abroad,” she stated.
She further explained that her outfit is working to change that narrative.
“We are refining, we are designing, we are crafting and branding right here in Ghana, creating sustainable employment, building local skills and keeping the wealth within our borders.”
Stakeholders say sustained collaboration, investment in skills, and support for local enterprises will be key to ensuring Ghana fully benefits from its natural wealth while strengthening its position in the global market.
