The Exportation of Gold from Ghana
The Exportation of Gold from Africa Workers at Gold mining Site in Ghana Gold is a foremost export commodity for Ghana, with this treasure-able metal bringing in almost 48 percent of the country’s revenue. After South Africa, Ghana is the leading gold producer in Africa and in the first quarter of 2012, Ghana earned about $1.5 billion from export of gold. According to the Bank of Ghana, the country will continue to witness an increase in revenue through gold exports. It is estimated that in 2012, Ghana will earn more than $4 billion through gold exports. However in 2011, the country saw a drop of 6 percent in gold production, as several companies were concentrating on long-term maintenance and expansion rather than actual production. Export of Gold from Ghana Ghana has continually depended heavily on a selected few commodities for exports. Gold is one of such commodity. Doing this, Ghana has been able to safeguard its environment and also entice foreign investment. T