Accra, Ghana, February 27, 2020//-Ghana – formally known as the Gold Coast, took the crown as Africa’s leader in Gold Production.
The gold mine industry in Ghana is taking advantage from their lower – cost mines, friendlier policies and new development projects to attract new investors.
Gold output jumped 12% in 2018, according to data from the Ghana Chamber of Mines. Ghana also hosts some of the world’s biggest gold miners, including No 1 producer Newmont Goldcorp. Although Newmont is exploring in Ethiopia, Ghana is the only place in Africa in which it operates.
The West African nation’s output will get a further boost when AngloGold Ashanti’s Obuasi operation, restarted late 2019. Production from Obuasi is forecast at 350,000 to 450,000 ounces of gold annually during the first 10 years.
Gold Fields, which has operated in Ghana for 26 years, says authorities there understand what makes for a “sound” business environment. The country cut corporate taxes in 2016 and in 2017 changed Gold Fields’ mineral royalty to a sliding scale based on the gold price, from a 5% flat rate.
The 16th edition of WAMPEX taking place from 3 – 5 June 2020 in Accra, Ghana, provides access to these projects and the opportunity to build and establish your brand in this era of Ghana holding the gold crown.
African Eye Report
