
Ghana Expects $12 Billion a Year From Small-Scale Gold Mining
Ghana expects to rake in $12 billion a year from small-scale gold production if output doubles as planned.
Gold exports from the country have surged as international prices have soared, and much of that expansion is down to small-mine and artisanal production. The government this year set up a regulator to handle all gold buying and selling, hoping to boost foreign-currency reserves and curb black-market trading.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
AP PHOTOS: Fishermen say a new natural gas project off Senegal's coast threatens their livelihoods
SAINT LOUIS, Senegal (AP) — Fishermen say a new natural gas project off the coast of Senegal — a joint venture between British energy giant BP and U.S.-based Kosmos Energy — is threatening their livelihoods. The project, which started operations late last year, is meant to bring jobs to the densely populated fishing community. But residents say they are catching fewer fish because the fish are drawn to the project's platform, which fishermen cannot approach. They also say the price of cooking gas keeps rising, even after lower prices were a major selling point for the project. BP says talks with the community are ongoing. ___ This is a photo gallery curated by AP photo editors.


Bloomberg
3 days ago
- Bloomberg
Nigeria's Tinubu Adds Incentives to Boost Oil-Sector Revenue
Nigeria's President Bola Tinubu signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output. The new directive caps available tax credits at 20% of a company's annual tax liability, and introduces a performance-based tax incentive for upstream operators, the president said in a statement late Thursday. Implementation guidelines are pending.


Bloomberg
4 days ago
- Bloomberg
Burkina Faso Sees Restart of Gold Mines Boosting Output in 2025
Burkina Faso is poised to increase its industrial gold mining this year as a project by Mauritius's Soleil Resources International Ltd. rises to full production and a new mine by Australia's West African Resources Ltd. starts output later this year. Production by the country's large scale operations will increase by 4% to 55.7 tons this year, Aristide Belemsobgo, director general of mines and geology at the Ministry of Energy, Mines and Quarries said in an interview.