Ghana has leapfrogged South Africa to become the continent’s top gold producer.
According to research by Bloomberg news agency, South Africa has for decades been the continent’s pre-eminent gold miner but high production costs and troubled labour relations have hobbled the industry there. On the other hand, in addition to new investments, Ghana has lower costs.
Citing figures from the Ghana Chamber of Mines and the Minerals Council of South Africa, Bloomberg said Ghana produced four point eight million ounces of gold in 2018 as opposed to South Africa’s four point two million ounces.
