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Gold has been central to the country's economy for decades. In 2023, Ghana produced around 4.2 million ounces of gold, contributing to approximately 4% of the world’s total output. The main gold-producing regions are Ashanti, Western, and Eastern regions, with major players including Newmont, Gold Fields, AngloGold Ashanti, and Kinross Gold ...
[1] [2] [3] The first documented large-scale mining operation in Ghana was at Obuasi, where gold was discovered in 1897. By 1900, Ghana, then known as the Gold Coast, had become a major supplier of gold in the British Empire. [4] [5] [6] Ghana is renowned for its gold resources and is the largest producer of gold in Africa as of 2019.
In 1994, the Ghana government, the majority shareholder, announced plans to sell 20-25 percent of its interest in AGC in a share flotation. The company was listed on the London and Ghana stock exchanges. It was the largest flotation ever organised by any gold mining company coordinating and advisory team alone numbered over 200 people.
The Obuasi Gold Mine is an underground gold mine situated near Obuasi, in the Ashanti Region of Ghana. It was at one time one of the world's ten largest gold mines . [ 2 ] The mine is in Obuasi Municipal District , 60 kilometres (37 mi) southwest of the regional capital Kumasi .
The Ahafo mine is one of the largest gold mines in the Republic of Ghana and in the world. [1] [2] The mine is located in the center of the country in Brong-Ahafo Region. [2] The mine has estimated reserves of 17 million ounces of gold. [needs update] [2] [3] [4]
The Damang mine is one of the largest gold mines in the Ghana and in the world. [1] The mine is located in the south-west of the country in the Western Region. [1] The mine has estimated reserves of 10 million oz of gold. [1]
Menzgold Ghana Limited was a fraudulent gold dealership and investment firm that promised customers an average of 7-10 percent monthly returns on investments. It was subsequently shut down by the Government of Ghana. It was founded by Nana Appiah Mensah, who is popularly known as NAM 1. [1]
The Iduapriem Gold Mine (French: Mine d'or d'Iduapriem) is an open-pit gold mine situated 10 km south of Tarkwa, in the Western Region of Ghana.The mine is owned by AngloGold Ashanti and consists of the Iduapriem and the Teberebie operation, which were merged in 2000.