Ghana eye on Gold exports to worth US$ 10bn
Gold alone accounted 54% of the total exports basket Gold exports jumped to a record gold in the first half of 2024 in Ghana. According to the Chief Executive Officer of the Minerals Commission, Martin Ayisi out of the total exports of US$9.2 billion for the first-half of 2024, gold alone accounted 54% of the total exports which amounted to US$ 5 billion. This, he said, was as result of the surge in gold prices especially in the second quarter of 2024 and increase in production from both small- and large-scale operations. The gold price averaged a record $2 338 an ounce in the second quarter, 18% higher year-on-year and 13% higher quarter-on-quarter. The average price of gold for the month of July is about US$2396 an ounce. Gold reached a new record of US$2482 an ounce on 17 July 2024. Ayisi has predicted that if the price of gold stays around the average for the month of July or the second quarter, then the full-year outlook for gold hit US$10 billion o...