Ghana to produce 4.5 million ounces of gold annually – Akufo-Addo reveals

President Nana Addo Dankwa Akufo-Addo has projected a rise in gold production to approximately 4.5 million ounces on an annual basis.

With three significant mining projects underway in the Ahafo, Upper-East, and Upper-West Regions, the country’s ambition is soaring. Cardinal Namdini, a prominent mining firm, is scheduled to initiate gold extraction in the Upper-East region by the end of 2024.

Last year saw the nation surpass South Africa to regain its position as Africa’s leading gold producer, with an unprecedented output of four million ounces.

During his State of the Nation Address, President Nana Akufo-Addo emphasized the instrumental impact of progressive governmental initiatives, citing the rejuvenation of once dormant mines such as Obuasi and Bibiani, as well as the expansion of existing mining ventures, in driving Ghana’s achievements forward.

According to the president, the progress achieved in the gold sector is expected to drive forward the country’s economic growth agenda.

Story by NY Adjapong