The value of gold export receipts reached US$6.6billion last year, the Minister of Lands and Natural Resources, Samuel Abu Jinabor, has revealed.
The revenue realised from exports of gold declined from US$6.779billion in 2020 to US$5.083billion in 2021 due to the contraction in gold production, particularly the near-collapse in volume...
The country could substantially strengthen its foothold as Africa’s top gold producer if issues concerning insecurity at mines, delays in obtaining permits and railway infrastructure are addressed, the Ghana Chamber of Mines, has said.
The Chamber’s Chief Executive Officer Sulemanu Koney said these issues have been identified as having the...
AngloGold Ashanti (Ghana) has successfully graduated a batch of eight students from their first Graduate Trainee Programme and matriculated its second batch in a colorful ceremony held in Obuasi.
The company instituted the Graduate Trainee Programme, a developmental initiative to offer brilliant and promising students from tertiary institutions the opportunity...
Gold Coast Refinery, a leading gold refiner in the country, has asked government to grant it a Free Zones certification permit to enable it upscale production capacity.
The Free Zone status will enable the company to import large volumes of raw gold from the sub-region, then refine and export it...
The Ministry of Lands and Natural Resources has said concerns about the intended government initiative to purchase oil with gold from the country will be resolved as the country readies to receive the first consignment of oil under the policy in a week.
According to the Deputy Minister for Lands...
Though government is yet to list Agyapa Royalties Limited shares on the Ghana and London stock exchanges, local and foreign investors have expressed keen interest in investing in this novel gold royalties-backed business, Deputy Minister for Finance, Charles Adu Boahen has said.
Mr. Adu Boahen, briefing the B&FT said: “Though...
The Precious Minerals Marketing Company Ltd. (PMMC) has installed new ultramodern equipment at its assay laboratory at the Kotoka International Airport to facilitate testing of gold and other metals for exports.
The new equipment includes X-ray Fluorescence (XRF) Spectrometer; Electrical Conductivity Tester for Gold; Technical Specifications for Ultrasonic Flaw Detector;...
Government’s fight against illegal mining has cut out supply to local jewellers whose main source of raw material is small-scale miners, pushing some to the brink of collapse.
If government can help them find other sources of supply - since no one sets eyes on gold produced by large-scale multinationals...
Players call on gov’t for swift intervention
Local jewellers are struggling to keep their heads above water as a myriad of challenges are threatening to wipe out the industry that holds a semblance of connection to the country’s industrial gold mining sector which feeds refineries around the world.
The...