GOLD: US
* 20 minutes
* 20 minutes
0
CSE: ASE
0
0
FSE: 1A9
0
1
0
OTC: ASGOF
0
GOLD: US
* 20 minutes
* 20 minutes
0
CSE: ASE
0
0
FSE: 1A9
0
2
0
OTC: ASGOF
0

Why Invest in Ghana

Why Invest in Ghana

For more than1000 years, Ghana, first known as the Gold Coast, has produced a significant amount of the world's gold. According to GoldHub, this African country is one of the largest gold producers that hosts more estimated reserves than most of the other top gold-producing countries. Indeed, its output of circa 4.0 million troy ounces per year brings the country to rank as the 7th largest gold producer in the World. Ghana's rich gold endowment has helped it to become Africa's continental leader in gold mining in 2019 and has attracted major mining companies like Newmont, Kinross, Goldfields, Golden Star, and Perseus.



Ghana is also benefiting from the recently concluded African Continental Free Trade Area (AfCFTA). Africa is rising and over the next 40 years is projected to be one of the world's largest trade and economic zones, a market of 1.2 billion people and GDP estimated at US$2.5 trillion.

According to the World Bank, Ghana has a middle-income economy that is well endowed with the mining sector. A mining-friendly country, Ghana has two mining colleges and a local well-trained workforce. Gold mining is deeply rooted in its economy, with almost every family having someone in the sector. Indeed, in the past 20 years, gold production increased in the order of 700%, resulting in a nowadays contribution of 37% of national exports.
Ghana continues to offer high growth potential. AngloGold Ashanti recently invested $500m to restart its Obuasi Gold mine project in Ghana. Indeed, this gold mine, one of the largest gold resources in the World with some 66M oz of Au (pre-mining resource), of which some 33M oz of Au have been extracted over the last 120 years.
With an abundance of gold, an expanding economy, a stable geopolitical environment and a world class mining workforce, Ghana is the place to invest in gold mining in Africa. At Asante Gold Corporation, we believe in Ghana's future and look forward to soon listing our shares to trade on the Ghana Stock Exchange.