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14.05.2019 Business & Finance

Ghana Tops Africa In Gold Production

By News Desk
Ghana Tops Africa In Gold Production
LISTEN MAY 14, 2019

Ghana has become the largest gold producer in Africa, toppling South Africa, a recent data released by the World Bank.

It said Ghana exported 158 tonnes of gold in 2018, representing about 15 percent increase over the previous year.

Ghana has thus dethroned South Africa, which produced 139.3 tonnes and returned to the high volumes of the 1980s.

It said mining firms operating in the country include Newmont Mining Corporation, Gold Fields, Anglogold Ashanti and Asanko Gold.

It said rural communities in four regions of Ghana currently affected by the environmental damage and pollution associated with destructive artisanal mining and logging practices are to benefit from a scale-up of the Ghana Forest Investment Program.

The World Bank approved an additional financing of $19.39 million to the programme this week.

The programme is already implementing activities focusing on agricultural drivers of deforestation by working with cocoa farmers and communities to rehabilitate and protect forest reserves.

The additional financing operation aims at complementing these activities by piloting approaches to ensure reclamation of mining sites, which will reduce erosion currently polluting public watercourses and engage the private sector in plantation development to reduce pressure on natural forests.

China tops the global pact followed by Australia, Russia and the United States of America.