Artisanal And Small Scale Gold Mining In Ghana
Gold Fields Ghana Limited. Gold Fields Ghana (GFG) is presently the number one gold mining company and largest gold producer in Ghana, with annual production in excess of 935,000 ounces from its two operating mines at Damang and Tarkwa. Gold Fields Ghana engages about 5,612 Ghanaians in direct employment.Ghana’s stable, democratic government supports mining Ghana’s political stability is underpinned by strong democratic credentials. The mining industry accounts for over 50 of foreign direct investment and is the largest tax-paying sector in the country. 2 Mining and gold are essential to Ghana’s economy and tax base.Ghana's gold output increased by 4 percent in 2008 to 2.6 million ounces. As a result of the rising price for gold, mining revenues increased to $2.3 billion. In the fiscal year ended June 30, 2008, Tarkwa produced 0.65 million ounces of gold, of which 0.46 million ounces were attributable to.Oct 15, 2021 Ghana’s central bank set to push through cedi-for-gold plan, mining chamber says. Ghana's small-scale gold miners have suffered from a withholding tax on exports. REUTERS Francis Kokoroko. The central bank of Africa’s largest gold producer is likely to succeed with its proposals to start paying for gold with cedi rather than dollars.