Audio By Carbonatix
Ghana recorded a 32% increase in gold production last year, enabling it to win back the top spot from South Africa as the largest gold producer on the continent, the president of the mines chamber said on Friday.
Ghana lost the position to South Africa in 2021 after a drastic fall in output.
Gold output rose to 3.7 million ounces in 2022 from 2.8 million ounces the previous year, driven by growth in the output of both large and small-scale sectors.
"The large-scale gold sub-sector recorded its highest output in the country’s history in 2022," Joshua Mortoti, the President of the Ghana Chamber of Mines, told members at the annual general meeting.
He said a combination of output and the expansion of production at existing mines drove the large-scale sector’s contribution to national gold output up by 13% to 3.1 million ounces last year from 2.7 million ounces in 2021.
Mortoti said member companies of the mines chamber had sold over 77,620 ounces of gold under the Domestic Gold Purchase Programme, a scheme launched by the Bank of Ghana to boost reserves.
Latest Stories
-
Former Accra Mayor Blankson endorses Wontumi for NPP national chairmanship
35 minutes -
Eid festivals explained on Behind The Lens with Queen Liz
42 minutes -
Meet Emelia Naa Ayeley Aryee, the Ghanaian Gender Advocate helping couples overcome infertility stigma
1 hour -
Oil pulls back as traders look for progress on US-Iran talks
2 hours -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
2 hours -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
2 hours -
One killed and others missing after chemical explosion at US paper mill
2 hours -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
2 hours -
Deliver or be questioned – Majority Chief Whip warns OSP
3 hours -
Crime is everywhere – Dafeamekpor slams OSP’s Accra-centred operations
3 hours -
Don’t be cocooned in Accra – Dafeamekpor pushes OSP to invade districts
3 hours -
Free sanitary pads and pad bank Initiative cut teenage pregnancy in Bosomtwe – Girl Child coordinator
3 hours -
Asunafo North Municipal Assembly deploys DL-Rev Software to tackle revenue shortfall
4 hours -
General Mosquito promised to ‘annihilate’ NPP – Dafeamekpor reveals details of earlier tour
4 hours -
Asiedu Nketia has been touring since 2021, not plotting new campaign, says Dafeamekpor
4 hours