Dec 03, 2018· Ghana Market Overview. There is a predicted GDP growth of % for 2017. The rate of inflation at the end of 2016 was %. This was one of the highest inflation rates in West Africa in 2016, while the ECOWAS region recorded an average inflation of %. Indicators point to inflation reducing to % by the end of 2017.
The mining sector has therefore been an important part of Ghana's economy, with gold accounting for over 90% of the sector. The mining sector has produced 4,313,190 ounces of gold, which is the highest ever in the history of the country, resulting in export revenues of more than billion.
Largely, gold production in Ghana has fallen from million ounces in 2013 to about million ounces in 2014. The mining sector in Ghana contributed 16 percent of the Ghana's revenue, with gold as the second largest foreign exchange earner for the country; in 2014, Ghana officially produced a total of million ounces of gold.
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Apr 23, 2018· Gold mining is the resource extraction of gold by mining. As of 2016, the world's largest gold producer was China with tonnes. The secondlargest producer, Australia, mined tonnes in the same year, followed by Russia with tonnes.