Gold Export

06 Aug

Gold Exports Surge To Record Highs In First-Half 2024

Wontumi1BusinessGold Export

Domestic gold exports soared to unprecedented levels in first-half 2024, driven by a surge in gold prices and increased production from both small- and large-scale miners. According to Chief Executive Officer (CEO) - Minerals Commission, Martin Ayisi, gold exports accounted for 54 percent of total export – amounting to US$5billion of the US$9.2billion total exports at end-June 2024. The spike in gold prices, particularly in the second quarter of 2024, significantly contributed to this. The average gold price hit a record US$2,338 an ounce in the second quarter, marking an 18 percent year-on-year (YoY) increase and a 13 percent rise…

02 Aug

Gold Exports To Hit US$10Bn By End Of 2024 – Minerals Commission CEO

Wontumi1BusinessGold Export, Minerals Commission

Gold exports jumped to a record gold in the first half of 2024. 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 was because 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…