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Business News of Thursday, 5 June 2025

    

Source: www.ghanawebbers.com

India Gold Metaverse courts prospects in local gold market

At the 2025 Mining in Motion Summit in Accra, Lamon Rutten spoke about IGM. He is the Managing Director and CEO of IGM. He explained that their platform makes jewelry and bullion more accessible. This gives consumers more choices, fair prices, and financial freedom.

Rutten shared IGM’s long-term strategy to financialize gold. This will allow easy integration between physical gold and financial instruments. Their online marketplace combines modern finance with traditional gold systems. It offers a wide range of products for consumers, investors, and jewelers.

This approach aims to reduce inefficiencies in the gold sector. It also seeks to improve transparency and accessibility. Rutten emphasized that their platform provides a customized experience for all stakeholders.

Ghana is Africa's top gold producer, vital for its economy. The gold sector significantly contributes to GDP and export revenue. Rutten highlighted the importance of securing the growing Indian market for Ghana.

He believes there are many opportunities for growth and partnerships in Ghana. The government should support these efforts by securing large markets. This would help Ghana tap into unexploited opportunities to boost ASM production.

Last year, Ghana's gold mining sector contributed greatly to GDP. Exports reached $