Mining and quarrying, excluding oil and gas, accounted for 2.7% of Ghana’s real GDP in 2011, having grown 19% that year. The country has been producing higher levels of many minerals, including bauxite, silica, coltan, gold and manganese. Gold in particular has been a major boon to the sector given the investor flight to gold that occurred in the wake of the global financial crisis. Indeed, gold production grew 6.3% in 2011 and many of the country’s producers saw significant increases in profits that year. With mineral exports accounting for nearly 40% of total exports and more than 28% of government revenue, investment in the sector has been increasing and prospects for growth are strong. This chapter contains interviews with Mike Hammah, Minister of Land and Natural Resources; and a dialogue between Peter Anderton, Senior Vice-President, AngloGold Ashanti, and Daniel Owiredu, Senior Vice-President of Operations, Golden Star Resources.
Cover of The Report Ghana 2012

The Report

This chapter is from the Ghana 2012 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Mike Hammah, Minister of Land and Natural Resources
OBG talks to Mike Hammah, Minister of Land and Natural Resources

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart