RADP / Pulse Ghana > news > business

Ghana’s Gold output rises to 36 percent.

September 29, 2016 9:57 AM

The chamber added that $2.4 billion was earned from gold in the last six months compared to $1.75 billion first six months of 2015.

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Ghana’s gold output rose to 1,993,850 ounces in the first six months of 2016 from 1,438,656 ounces in same period last year, the Ghana Chamber of Mines said.

Gold is the nation’s biggest foreign exchange earner followed by Cocoa.

And in Africa, Ghana follows South Africa as the biggest gold mining country.

The increase in gold output follows prolong conflict in most mining concession across the country over illegal miners.

In 2015, the Chamber announced that mineral revenue of producing members fell nearly 14 per cent to $ 3.39 billion in 2015 down from $3.94 billion the previous year.

The drop in the mineral revenue was due to reduce production and the lower gold price as well as decline in shipments of manganese.

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