Investors Why Invest in Gold from Ghana?
Ghana – West Africa’s Largest Gold Producer – +2.5M oz of gold per year
Ghana – Africa’s Second Largest Gold Producer – +2.5M Oz of gold per year. Gold has been continuously mined in Ghana for centuries since when it was part of the old Mali Empire in the 14th century, and in more recent times when it was known as the Gold Coast. Ghana is Africa’s second-largest gold producer, with output of more than 2.5 million troy ounces in 2016, and is the 9th largest gold producer in the World.
Ghana is a mining friendly country and in 2015 ranked 6th in Africa on the World Bank’s Ease of Doing Business barometer. Other features are two mining colleges and a large workforce trained in the disciplines of geology, exploration methods and mining engineering.
Ghana has a long and prosperous mining history. More than 100 years ago, it was one of the first countries in West Africa to mine gold. Today, the country produces over 2.5 million ounces of gold per year. Over the past 80 years, many foreign companies have entered the mining and quarrying industry in Ghana.
Ghana is politically stable with a parliamentary system and President, elections held every 4 years. It also recognizes traditional area “chief based” inputs in various high level and local governmental bodies. It is a modern developing country with strong economic ties in West Africa as well as with Europe, North America and China.
The availability of abundant mineral resources with basic geo-scientific data, a propitious investment framework and an effective and predictable legal and institutional system to reduce corruption, enforce the rule of law and enhance transparency in the management of Ghana’s mineral resources makes Ghana an attractive investment destination.
FOREIGN GOLD MINING INVESTORS
Investment into Ghana’s mining and quarrying industries will help to make these already lucrative industries more efficient and more productive, ultimately increasing profits across the board. The Government of Ghana states that increasing Foreign Direct Investment is a priority and acknowledges that attracting Foreign Direct Investment requires an enabling legal environment.
The Government of Ghana has no overall economic or industrial strategy that discriminates against foreign-owned businesses. In some cases a foreign investment may enjoy additional incentives if the project is deemed critical to the country’s development. American and other foreign firms are able to participate in government-financed and/or research and development programs on a national treatment basis.
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