Local participants in the mining sector must be supported with the much needed financial muscle to improve their competitiveness, the CEO of Ghana Chamber of Mines, Sulemanu Koney has stated.

The CEO has been engaging various stakeholders on ways by which local refineries can add value to dore in line with international certification requirements

“With the establishment of the Minerals Development Fund Secretariat as well as the inauguration of its board, we look forward to an expansive spate of development in mining communities to support livelihoods and the local economies,” he said.

He added that as the world confronts the Covid-19 pandemic, the Chamber would endeavour to leverage key partnerships within and without the industry in order to surmount the adverse effects of the scourge in the country and industry.

The outlook of gold price in 2020 remains bullish as the coronavirus induced global health pandemic was expected to provide tailwinds for year-on-year growth in the yellow metal’s price.