Ghana - Africa’s Second Largest Gold Producer - +3M oz of gold per year
Gold has been continuously mined in Ghana for centuries when it was part
of the old Mali Empire in the 14th century, and in more recent times when it was known as
the Gold Coast. During 116 years of near continuous production,Ghana’s
largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded
production exceeding 32M oz of Au. In the last 20 years, major and
junior companies including Newmont, Kinross, Goldfields, Golden Star,
and Perseus, have also committed significant resources to operations in
Ghana is Africa’s second-biggest gold producer, with output of 107.9
metric tons (more than 3 million troy ounces) in 2013, and is the 10th
largest gold producer in the World.
Ghana is a mining friendly country and in 2015 ranks 6th in Africa on
the World Bank’s Ease of Doing Business barometer. Other features are
two mining colleges and a large workforce trained in the disciplines of
geology, exploration methods and mining engineering.
Ghana is politically stable with a parliamentary system and President,
elections held every 4 years. It also recognizes traditional area “chief
based” inputs in various high level and local governmental bodies. It
is a modern developing country with strong economic ties in West Africa
as well as with Europe, North America and China. It is the world’s
second largest cocoa producer and is emerging as an oil-producing nation
from offshore fields.