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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. Gold exports in 2022 accounted for about 12.3% of Ghana's GDP.
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH₵10 = US$1). [10] As of September 2022 [update] , the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001.
Ongoing — COVID-19 pandemic in Ghana 20 January – A truck carrying explosives to a gold mine explodes after crashing into a motorcycle in Apiate , Western Region ; the explosion destroyed nearby buildings and vehicles, killing 17 people and injuring 59 others.
It is the official goal of Ghana energy industry to have 10% of Ghana's energy mix come from renewable sources (not counting large-scale hydropower) by 2015 or at the very latest by 2020. [23] Ghana has Class 4-6 wind resources at locations of the high wind areas – such as Nkwanta, the Accra Plains, Kwahu and Gambaga mountains.
In February 2022, Africanews reported that Maxam Ghana had agreed to pay a $6 million fine for "breaches regarding the manufacture, storage, and transportation of explosives". Conditions were also set by the Lands minister , Samuel Abu Jinapor that Maxam must meet before their operating permit was restored. [ 17 ]
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In June 2021, MTN renewed their sponsorship for the competition for three extra years with 4 million Ghana cedis with focus on the 2022 Ghanaian FA Cup. [3] Star times also is set to contribute $200,000 as part of their full $1,000,000.00 for the entire 2021–22 football season for the second year of the sponsorship deal with the Ghana Football Association.