Gold reserves in Ghana stood at a volume of 8.74 metric tons from the first quarter of 2015 to the third quarter of 2021. Moreover, gold mine production in the country reached a volume of 150 metric tons in 2020, an increase compared to the previous year. Ghana did not suspend its production of gold in 2020 amid the coronavirus (COVID-19) pandemic.
Revenue from trade in gold
In 2020, the government of Ghana accumulated income from gold that reached approximately 7.2 billion U.S. dollars. Compared to other minerals, gold generates the highest revenue in the country. As of 2019, over 10 billion U.S. dollars worth of gold were exported from the country, while a lesser value of the same mineral was imported.
AngloGold Ashanti and gold mine activities
Between 2019 and 2020, the mineral resources of two AngloGold Ashanti gold mines in Ghana, namely Obuasi gold mine and Iduapriem gold mine, amounted to a volume of 29.2 million and 6.68 million ounces, respectively. Furthermore, in the same period, ore reserves of the gold mines reached a total of 10.64 million ounces
Official gold reserves in Ghana from 1st quarter 2015 to 3rd quarter 2021
(in metric tons)
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World Gold Council. (December 3, 2021). Official gold reserves in Ghana from 1st quarter 2015 to 3rd quarter 2021 (in metric tons) [Graph]. In Statista. Retrieved August 10, 2022, from https://www.statista.com/statistics/1171784/quarterly-official-gold-reserves-in-ghana/
World Gold Council. "Official gold reserves in Ghana from 1st quarter 2015 to 3rd quarter 2021 (in metric tons)." Chart. December 3, 2021. Statista. Accessed August 10, 2022. https://www.statista.com/statistics/1171784/quarterly-official-gold-reserves-in-ghana/
World Gold Council. (2021). Official gold reserves in Ghana from 1st quarter 2015 to 3rd quarter 2021 (in metric tons). Statista. Statista Inc.. Accessed: August 10, 2022. https://www.statista.com/statistics/1171784/quarterly-official-gold-reserves-in-ghana/
World Gold Council. "Official Gold Reserves in Ghana from 1st Quarter 2015 to 3rd Quarter 2021 (in Metric Tons)." Statista, Statista Inc., 3 Dec 2021, https://www.statista.com/statistics/1171784/quarterly-official-gold-reserves-in-ghana/
World Gold Council, Official gold reserves in Ghana from 1st quarter 2015 to 3rd quarter 2021 (in metric tons) Statista, https://www.statista.com/statistics/1171784/quarterly-official-gold-reserves-in-ghana/ (last visited August 10, 2022)