India Gold Metaverse Unveils Opportunities in Ghana’s Gold Sector

Lamon Rutten

As the MANAGING DIRECTOR and CEO of India Gold Metaverse Pvt. Ltd., Lamon Rutten has emphasized the opportunity for Ghana to access the expansive Indian market, which has driven his company’s decision to establish an office in the nation.

Ghana stands as Africa’s leading gold producer, with the gold sector playing a crucial role in the nation’s economy by significantly contributing to GDP and export income.

During the Gold in Motion event in Accra, Mr. Rutten remarked on the Ghanaian government’s initiatives to formalize the artisanal and small-scale mining (ASM) sector, noting its potential for positive outcomes. He pointed out that connecting with large markets like India could greatly enhance ASM production and unlock previously unexploited opportunities.

“By collaborating with India Gold Metaverse, Ghana can discover new pathways for advancement and growth in the gold sector,” he stated.
Mr. Rutten underscored the company’s solid history; India Gold Metaverse is dedicated to being a dependable, long-term ally for Ghana, offering expertise in value chain management.

“Although still a relatively new entity, India Gold Metaverse has concentrated on the Indian market and is now poised to expand its footprint into Ghana. The company begins by comprehending buyers’ requirements, thus showcasing the potential for expansion within Ghana’s gold industry,” he added.

“India Gold Metaverse aspires to ensure a consistent supply of responsibly sourced gold to India, utilizing technology to capture data throughout the value chain. This initiative includes tracing the gold’s origin, assessing environmental impact, and guaranteeing transparency,” he continued.

Mr. Rutten also mentioned that as a tech-driven organization, India Gold Metaverse is confident in its ability to leverage technology within the gold sector, ensuring that essential data is collected and applied to enhance the overall process. This method allows buyers to pay a premium for ethically mined gold, benefiting both Ghanaian miners and Indian consumers.

India Gold Metaverse aims to develop an inclusive framework for the gold ecosystem, fostering knowledge and crafting strategies to enhance engagement that promotes consensus, focusing on integrity, authenticity, and value addition. IGM intends to establish a new benchmark for trust, transparency, and technological excellence, challenging existing norms, synergizing strengths, and shaping the evolving landscape of the gold industry.

BY Prince Fiifi Yorke