barrick gold

Ghana has overtaken South Africa to become Africa’s leading gold producer with figures from 2018 production confirmed, a publication sighted here on Thursday said.

According to the franceinfo, Ghana produced 158 metric tons of gold in 2018 to become the largest producer on the continent, ahead of Sudan and South Africa.


It added that, with 130 metric tons in 2017, Ghana had caught up with South Africa, the longest standing leading gold producer in Africa.

“Thanks to two cumulative effects: on the one hand, the exploitation of two new mines (in Ghana), and on the other hand, the steady shortage of South African production,” the publication stated.

Data from Ghana’s Minerals Commission put the 2018 production at 154.33 tons compared with the 132.23 tons for the previous year.

“This is very significant, but we need to understand the sources of growth and ensure that these contribute more deeply to sustainable development of the country,” Sulemanu Koney, Chief Executive Officer (CEO) of the Ghana Chamber of Mines told Xinhua via sms text message.

This, he said required partnership between the government and producers.

Commercial mining in Ghana spans over a century, but its impact on the country, even in the mining communities has been negligible.

Government passed the Mineral Development Fund (MDF) Act in February 2016 to ensure that portions of mineral revenue were dedicated to the development of mining communities as well as improving upon the livelihoods of people in these communities. Enditem


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