Ghana produces +4mn oz of gold per year

The Africa’s largest gold producer 

Asante Gold Corporation says, “Ghana is the Africa’s largest gold producer with the production of +4mn oz of gold per year!” Gold has been continuously mined in Ghana for centuries since 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 120 years of near continuous production, Ghana’s largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded production exceeding 33M oz of Au. 

In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Galiano Gold and Perseus, have also committed significant resources to operations in the country. Ghana is Africa’s largest gold producer, with output of circa 4.0 million troy ounces per year, and is the 7th largest gold producer in the World. 

Ghana is a mining friendly country and in 2015 ranked 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.