gold production

Ghana is projected to ramp up gold production to some 4.5 million ounces annually, says President Akufo-Addo. The country’s ambition is buoyed by the current three large-scale mines under construction in the Ahafo, Upper-East and Upper-West Regions, with the mining firm, Cardinal Namdini, set to pour its first gold in the Upper-East in the last quarter of this year (2024). Last year, the country regained its position as the leading producer of gold in Africa, having overtaken South Africa as its gold production reached an unprecedented four million ounces. President Nana Akufo-Addo, in a State of the Nation Address, said…

The country intends to consolidate its position as the leading gold producer in Africa, as new mines come on board. The new mines are expected to help push gold production output from the projected 4 million ounces in 2023 to over 4.5 million ounces this year. Ghana last year reclaimed its status as the leading gold producer in Africa after losing that position to South Africa in 2021. This was after the country’s gold production increased by 32 per cent from 2.8 million ounces in 2021 to 3.7 million ounces in the third quarter of 2023, with the full-year production…