Ghana – Africa’s Second Largest Gold Producer – +2.5M Oz of gold per year Gold has been continuously mined in Ghana for centuries since when 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 116 years of near continuous production, Ghana’s largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded production exceeding 32M Oz of Au.

In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Asare Mines and Perseus, have also committed significant resources to operations in the country. Ghana is Africa’s second-largest gold producer, with output of more than 2.5 million troy ounces in 2016, and is the 9th 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.