Gold Coast Refinery Limited has been certified to the Code of Practices of the Responsible Jewellery Council (RJC).
It thus becomes the first gold refinery in Ghana and West Africa to be certified by the Code of Practices of the RJC, an affiliate of the London Bullion Market Association (LBMA) responsible for the jewellery and watches industry.
RJC is the leading standards authority in the global watch and jewellery industry and works with members worldwide to create a sustainable supply chain.
By this measure, Gold Coast Refinery is now a certified member of the council for a three-year duration.
The certification is issued in accordance with standards and supporting documentation of the Code of Practices 2019, which is aligned with the OECD Due Diligence Guidance and the UN Guiding Principles of Business and Human Rights.
“It is, therefore, important to demonstrate commitment to stakeholders to apply the highest standards of responsible sourcing and sustainable business practices.
“Ghana has an enormous potential and the ability to meet its ambitious domestic gold purchase programme and the development of responsible supply chains of gold from artisanal and small-scale mines,” the statement added.
“Certification is the bridge between standards and impact, and this will help Ghana to formalise sourcing practices and for the country to begin to possess the right to refuse irresponsible sources of gold,” the statement further said.
The RJC Code of Practices is the only industry standard covering the entire jewellery and watch supply chain as approved by the LBMA.
Chain of supply transparency and trust go hand-in-hand in the jewellery and watch industry.
RJC Chain of Custody certification will give Ghana and its suppliers the assurance they need about how their products and materials have been sourced, traced, and processed through the supply chain.
Gold Coast Refinery is the first complete gold refinery in West Africa and the first in Ghana to be awarded a product certification licence by the government of Ghana to hallmark refined bullion of over 995 purity, and to market and sell its finished product, including refined gold bars and medal lions, on both local and international bullion markets.
The refinery’s services include smelting and assaying, refining, bar manufacturing, inspection and certification, hallmarking, vault services, logistics and export, capacity building and training.