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The goal of Ghana regarding bio-energy, as articulated by its energy sector policy, is to modernize and examine the benefits of bio-energy on a sustainable basis. [57] Biomass is Ghana's dominant energy resource in terms of endowment and consumption, with the two primary bio-fuels consumed being ethanol and biodiesel. [57]
Mining in Ghana is a significant contributor to the nation's economy, accounting for approximately 5% of Ghana's Gross Domestic Product (GDP) and 37% of total exports. Gold dominates the mineral sector, contributing over 90% of total mineral exports.
When Ghana gained its independence from Britain in 1957, the economy appeared stable and prosperous. [1] Ghana was the world's leading producer of cocoa, boasted a well-developed infrastructure to service trade, and enjoyed a relatively advanced education system. [1]
Ghana has five major types of gold deposits. Native gold in steeply dipping quartz veins in shear zones at the margins of Birimian basins, arsenopyrite in sulfur bodies, disseminated mineralization in basin granitoid rocks and alluvial placer gold in river deposits in gravel are major sources of 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.
Ghana's Jubilee Oilfield which contains up to 3 billion barrels (480,000,000 m 3) of sweet crude oil was discovered in 2007, among the many other oilfields in Ghana. [2] Oil and gas exploration in Ghana is ongoing, and the amount of both crude oil and natural gas continues to increase.
This area, known as the "Ashanti," produces most of Ghana's cocoa, minerals, and timber. North of this belt, the elevation varies from 91 to 396 meters (299 to 1,299 ft) above sea level and is covered by low bushes, park-like savanna, and grassy plains. Irrigated land: 309 square kilometers (119 sq mi) (2003) Total renewable water resources:
Ghana has an increasing primary manufacturing economy and export of digital technology goods along with assembling and exporting automobiles and ships, diverse resource rich exportation of industrial minerals, agricultural products primarily cocoa, petroleum and natural gas, [127] and industries such as information and communications technology ...