Extractives review and outlook: Gold sector faces challenges …

Despite the growth of Ghana's oil industry, which has significantly contributed to the economy amid fluctuating production levels over the past four years, gold mining remains a cornerstone of the country's fiscal stability and economic growth. In 2023, global output growth was robust at 3.2 percent, slightly lower than 2021's 3.5 percent rate, despite the […]

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The 'Double Jeopardy' Of Illegal And Fraudulent Gold

In reply, their main concern was our reluctance and if the country was not the "Gold Coast" (Ghana's pre-independence name). Clearly disappointed, they vanished into thin air. Many lawyers are unwilling to 'touch' gold transactions in the small-scale mining sector in Ghana because of the level of fraud involved in that sector.

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Extractives review and outlook: Gold sector faces challenges …

By Kizito CUDJOE Despite the growth of Ghana's oil industry, which has significantly contributed to the economy amid fluctuating production levels over the past four years, gold mining remains a cornerstone of the country's fiscal stability and economic growth. In 2023, global output growth was robust at 3.2 percent, slightly lower than 2021's 3.5 percent […]

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Ghana is Africa's largest gold producer, but it has an illegal mining

Ghana's gold mines are found in most parts of the country, and the mining history can be traced back hundreds of years. However, a form of mining known as artisanal, illegal or small-scale ...

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Assessing livelihood and environmental implications of artisanal …

4.2 Social implications of artisanal and small-scale gold mining 4.2.1 Crime rate. Generally, about 143 of the respondents representing about 76% agreed that the crime rate has increased as a result of ASGM (Table 3). Out of this, respondents who have stayed in the community between 0 and 5 years dominated (39%) (see Table 3). This was followed ...

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Gold, Guns, and China: Ghana's fight to end galamsey

China's gold seekers. Traditionally, small-scale gold mining in Ghana has been carried out by locals on their own land using hand-operated tools. These methods have slowly modernised and expanded, but the recent influx of foreign – predominantly Chinese – miners has accelerated this development.

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Ghana's wildcat gold mining booms, poisoning people …

Dozens of miners have been killed in collapsing pits in recent years, according to news reports and human rights groups, while hospitals and health centres report high numbers of early deaths...

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(PDF) Artisanal and Small-Scale Gold Mining in Ghana

Given that 200,000 people in Ghana are involved in the small-scale gold mining industry and that the numbers are expected to grow in Ghana and many other regions of the world, elucidating mercury ...

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Chinese participation in Ghana's illegal small-scale gold mining

An official interviewed at the Minerals Commission believes that over 95 % of prospected gold mining lands in Ghana are currently in the hands of large-scale mining companies. 13 Similarly, Hilson et al. (2014) notes that mineral exploration companies alone owned 90 % of the country's mining leases. Meanwhile, ASM, as per the mining codes, can ...

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The Galamsey Menace in Ghana: Where is …

Illegal mining in Ghana has existed in various forms since colonial times, but it has escalated in recent decades. Factors such as poverty, high unemployment rates, and the lure of wealth from gold have driven thousands …

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New Report Uncovers Illicit Financial Flow Risks in Ghana's Gold Mining

Global Financial Integrity (GFI) and the Integrated Social Development Centre (ISODEC-Ghana) published a new report, Mapping of Illicit Financial Flows Risks Along the Supply Chain of Gold Mining in Ghana, which highlights the critical risks of illicit financial flows (IFFs) in the country's mining industry.

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Over 3 million people are involved in illegal mining in Ghana

Speaking on the Joy News AM Show today, Tuesday, February 25, he highlighted the massive scale of the problem, saying, "Over 3 million people are actively working in illegal …

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Unlicensed Gold Mines in Ghana Present Risks to …

An illegal artisanal miner inspects an excavated rock for traces of gold at the Prestea-Huni Valley Municipal District in the Western Region, Ghana August 17, 2024. (REUTERS/Francis Kokoroko) Mining officials in Ghana say such operations can harm miners' health, pollute waterways, destroy forests and farms, and increase crime rates.

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7 illegal miners killed in shootout with army in Ghana gold mine

Earlier, Ghana's armed forces said that about 60 illegal miners carrying locally manufactured rifles and other weapons breached the mine's security fence around 11 pm (2300 GMT) on Saturday and fired on a military patrol deployed there, leading to a shootout.

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Ghana's wildcat gold mining booms, poisoning people and nature

About 40% of Ghana's total gold output comes from small mines, as opposed to concessions operated by multinational firms. Some 70-80% of the small mines are unlicensed.

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In Ghana, illegal gold mining is bringing jobs and grief

However, the gold rush is also exacting a high price. In October, thousands of people demonstrated in Ghana's capital, Accra. They accused the government of allowing illegal gold mining to grow ...

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Galamsey: Ghana's illegal gold mining industry causes

The gold rush has also been fuelled by the fact that the global price of the precious ... or have simply taken up gold mining on their own, earning up to 2,000 cedis ($125; £96) a week - the ...

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Ghana's illicit gold mining booms, harming miners' …

Chris Aston, head of a British-backed program aimed at regulating small-scale gold mining in Ghana, said artisanal miners were vulnerable to organized crime gangs, who provide them ...

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Ghana: Top Five Gold Mines by Production

Ghana leads Africa in gold production, fueled by significant investments in large-scale mining and contributions from artisanal mining. In 2024, the country generated $1.02 billion in revenue from gold, with a total output of approximately 4.9 million ounces, marking an 8.5% increase from 2023. Large-scale mining operations accounted for 60% of the total production.

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Ghana's illicit gold mining booms, harming miners' health, nature

Small-scale mines produced 1.2 million ounces of gold in the first seven months of this year, more than in the whole of 2023, according to data from Ghana's mining sector regulator. About 40% of Ghana's total gold output comes from small mines, as opposed to concessions operated by multinational firms. Some 70-80% of the small mines are unlicensed.

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Criminality in Ghana

Ghana has successfully dismantled criminal syndicates and seized sizable amounts of illegal substances through joint operations with international partners. There is a legal framework in place to address organized crime in Ghana, but the fragmented nature of these laws and limited synergy between agencies hinder their effective implementation.

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Ghana's Unlicensed Gold Mining Boom Fuels Economic Gains, …

Driven by a 30% surge in global gold prices, small-scale mines in Ghana produced 1.2 million ounces of gold in the first seven months of this year—surpassing total output from 2023. The country, Africa's largest gold producer, now sees around 40% of its total gold production coming from small-scale operations, with as many as 80% of those ...

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New report uncovers scale of exploitation of artisanal gold miners …

18 November 2024 - The Rt. Hon Dominic Raab, in partnership with the World Gold Council, today publishes a new report examining the systemic threats from the illicit trade of gold through artisanal and small-scale gold mining (ASGM). The Silence is Golden report finds the ASGM industry, responsible for an estimated 20% of annual gold supply and about 80% of gold …

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Ghana's wildcat gold mining booms, poisoning people and nature

GHANA-MINING/GOLD (TV, PIX):RPT-Ghana's wildcat gold mining booms, poisoning people and nature | World News

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Hundreds march against Ghana's damaging informal gold mining …

Small-scale mines produced 1.2 million ounces of gold in the first seven months of this year, more than in the whole of 2023, according to data from Ghana's mining sector regulator.

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Unlicensed Gold Mines in Ghana Present Risks to People, Nature

The unlicensed gold mining industry is known in Ghana as "galamsey." The industry has grown quickly over the past year. One reason for the growth was a 30 percent rise in international gold prices. Small mines produced 34 million grams of gold in the first seven months of this year, official government records show. That was more than in all ...

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The illegal gold mines killing rivers and livelihoods in Ghana

Sixty percent of Ghana's water bodies are now polluted, largely due to illegal mining activities. Ghana is the leading producer of gold in Africa and about 35% of it is …

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Extractives Review and Outlook: Gold sector faces challenges …

Cardinal Namdini Gold Mine alone is expected to produce 300,000 ounces annually in its first three years, making it the third-largest mine in the country and one of the largest single-stream gold ...

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Gold Mines For Sale in Ghana

Browse listings of Gold Mines For Sale in Ghana at DealStream. Discover opportunities to buy, lease, and invest in Gold Properties.

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Inside South Africa's 'ruthless' gang-controlled gold mines

Along with about 600 other men, Ndumiso lives and works in a small gang-controlled 'town' - complete with markets and a red light district - that has grown up deep underground at a disused gold ...

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