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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 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 ]
Ghana became the fastest growing nation in the world in 2011 [4] [5] [6] and once more in 2019. [7] [8] [9] Ghana’s rapid growth (7 percent per year in 2017-19) was halted by the consequences of COVID-19 pandemic, especially the March 2020 Ghana’s lockdown. [10]
Industry in Ghana accounts for about 24.5% of total GDP. [1] However, Ghana's industrial production is rising at a 7.8% rate, giving it the 38th fastest growing industrial production in the world [ 2 ] due to government industrialization policies.
VALCO smelts alumina to produce aluminium ingots at its smelter at Tema.Locally, a major Ghanaian customer of VALCO is Aluworks.While one motivation for establishing the plant was the local availability of bauxite in Ghana, the major raw material of alumina, VALCO has for many decades imported alumina to produce aluminum.
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.
The Jubilee Oil Field is an oil field located off the coast of Ghana's Western Region in the South Atlantic Ocean under the ownership of the Kosmos Energy, Occidental Petroleum and the Tullow Oil. The Jubilee field is located 60 km offshore, between the Deepwater Tano and West Cape Three Points blocks off the coast of the Ghana's Western Region ...