Ghana is ranked 2^nd in the latest Mining Risk/Reward Regulation Index in Sub Saharan Africa.

According to Fitch Solutions, research arm of ratings agency, Fitch that makes the country a more attractive market for mining investors.  

Ghana’s score of 73% also makes it one of the countries on the African continent with the Lowest Regulatory Risks in the mining industry. This is a boost because it has witnessed significant growth in the last couple of years.

“Botswana will consolidate its position as the region's best performing country, followed by Ghana and Namibia, as a result of low country risk profiles and an above average business environment”, Fitch Solutions said.

The highest scores were recorded in Industry Risks and Country Reward categories.

The country boasts of significant mineral deposits such as gold and bauxite, and is presently the leading gold producer in Africa.

Fitch Solutions said the country’s mining regulations has helped to attract many investors into the mining sector.

Also, business indicators such as mining regulations and competitive landscape have positioned Ghana as a stronger place to do mining business on the continent.

The Risk/Reward Index, it further said, will continue to favour the relatively stable political and economic environments of Ghana, South Africa and Botswana.

“Our RRI will continue to favour the relatively stable political and economic environments of South Africa, Ghana and Botswana. These countries consequently score among the top four countries in the region.”

Botswana is ranked number one in the Mining Risk/Reward Regulation Index in Sub Saharan Africa, while Namibia, South Africa and Guinea are placed 3rd, 4th and 5th respectively.