|Workers at Gold mining Site in Ghana|
However in 2011, the country saw a decline of 6 percent in gold production, as several companies were concentrating on long-term maintenance and expansion rather than actual production.
The United Kingdom is Ghana’s largest export partner, but Ghana also exports gold to the European Union and the United States America.
The Ghana government is also considering opening up its forests for gold mining. Some foreign mining companies are ready to invest and generate thousands of jobs; the government is particularly desirous to help further its economy. Though, this could be devastating for the environment.
The challenge that the country is now facing is educating and imparting knowledge to the small scale local miners, and then assisting them to switch to a more modern and environmentally-friendly extraction procedures. Obviously this requires funding and, therefore, the government must look for private players and foreign investments.
Gold exports from Ghana will continue to increase, because the demand for this commodity is very high and will continue to remain on the high side. Nonetheless, the eventual cost of the exports perhaps maybe too high for Ghana to bear the burden alone.
NOTICE TO PROSPECTIVE GOLD and DIAMOND BUYERS
Ghana is gifted with mineral deposits for example gold, diamond, manganese and bauxite. There are also untapped economic deposits of iron ore, limestone, kaolin, feldspar and silica sands. We welcome all potential investors including persons who desire to deal in gold or other precious minerals in Ghana and are actually prepared to offer the necessary assistance.
Here in Ghana, one can only deal in gold or other precious minerals upon the grant of a valid license by the Minister of Lands and Natural Resources. For the avoidance of any doubt, anyone offering such minerals for sale should therefore hold such a license.
FCO (FULL CORPORATE OFFER)