By Wisdom JONNY-NUEKPE
The global gold trading company, India Gold Metaverse (IGM), is seeking investment prospects within the nation's gold supply chain with the aim of exploring more environmentally friendly sources of gold.
IGM brings dynamic changes to the bullion market by utilizing advanced technology to develop and manage a strong, expandable digital platform specifically designed for trading valuable gold.
At the fringes of the 2025 Mining in Motion Summit held in Accra, IGM’s Managing Director and CEO, Lamon Rutten, shared insights indicating that their platform makes jewelry and bullion more accessible to everyone. This provides customers with increased options, equitable prices, and improved economic independence.
He mentioned that IGM’s strategic plan for the future involves the financialization of gold, enabling a smooth connection between ownership of physical gold and various financial products.
Using an online marketplace and platform, IGM combines contemporary financial methods with conventional gold and jewelry systems. They provide a wide array of products and services tailored to cater to the requirements of both consumers, investors, and traditional jewelers.
This approach is to curb the inefficiencies and ensure transparency and accessibility that have long plagued the global gold and jewelry sector.
"Our well-planned platform offers personalized experiences for all participants, whether they are bullion dealers, jewelers, or jewelry buyers," he stated.
Prospects and commendation
Given that Ghana leads Africa in gold production and plays a vital role in the nation’s economy through substantial contributions to both GDP and export earnings, Mr. Rutten emphasized that it is essential for Ghana to maintain its foothold in the expanding Indian market.
He pointed out, "That’s why we view the Ghanaian market as a promising sustainable choice due to the abundance of growth prospects and partnership possibilities."
The CEO of IGM stated that the government needs to provide additional support for these initiatives and accomplishments by ensuring access to sizable markets, which would lead to significant influence and allow Ghana to capitalize on its untapped potential to boost small-scale mining (ASM) output even more. He continued, "This is what we present at IGM."
Certainly, the gold mining industry in Ghana significantly bolstered the nation's GDP last year, with export revenues climbing to $11.6 billion—a 52.6 percent rise compared to 2023.
This expansion was a crucial factor behind Ghana’s 5.7 percent GDP growth in 2024, with gold contributing to 57 percent of the nation’s overall export earnings and making up 56.3 percent of its total income from transactions.
Given that small-scale miners contributed approximately $5 billion to the sector’s export earnings last year, Mr. Rutten praised the government for their considerable efforts in successfully formalizing the artisanal and small-scale mining industry (ASM) to some extent.
Mr. Rutten observed that as the Ghanaian gold sector continues to make substantial contributions, forming crucial alliances with the Indian gold ecosystem could bolster the domestic market and foster groundbreaking approaches to tackle industry issues.
The Mining in Motion Conference
The Mining in Motion Summit 2025, held under the patronage of Otumfuo Osei Tutu II, Asantehene, in partnership with the government, concludes today in Accra.
As a leading forum focused on responsible mining practices, sustainability initiatives, and the formalization of artisanal and small-scale mining (ASGM) throughout Africa, the summit attracted major mining countries such as South Africa, the Democratic Republic of Congo, Burkina Faso, Mali, Ivory Coast, Kenya, Guinea, Tanzania, Senegal, Nigeria, and Niger.
Industry captains from the UAE, the UK, Switzerland, Canada, China, India, Australia, and the US joined the summit, fostering investments and innovations in eco-friendly mining practices.
Provided by Syndigate Media Inc. ( Syndigate.info ).
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