Ghana produced an estimated 135 tonnes of gold in 2023, making it Africa's largest producer ahead of South Africa. Gold accounts for 47 percent of Ghana's total merchandise export earnings. The Gold Board of Ghana, reestablished in 2023, is mandated to purchase output from artisanal and small-scale miners and market it through a centralised structure. A key objective is increasing the share of gold refined domestically before export, capturing the premium refined bars command over unrefined doré on international markets.
Artisanal Mining Formalisation
The artisanal and small-scale sector accounts for 35 to 40 percent of Ghana's gold output but most bypasses official channels. The Community Mining Programme provides legal operating sites, equipment, and marketing support to registered operators, aiming to bring informal production into the formal economy. The government-backed Ghana Refinery targets 40 tonnes of domestic refining capacity by 2026. Gold investors and buyers can access market data and verified contacts on intra-africa.com.
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