Ghana has been affected as much as the rest of the world by the Covid-19 pandemic. However, with a specific focus on the economy, and its mining industry in a good space, the country is expected to bounce back hard in the wake of a global recovery.
Ghana remains the top gold producer in Africa, and with the government on a drive to resuscitate the economy, a number of mining operations in the country will play an important role in the revival. Top of the list is, of course, is AngloGold Ashanti's redevelopment at Obuasi, while Golden Star Wassa mine has always been a mainstay of the Ghanaian mining industry, and Canadian company Kinross has invested heavily in an exploration drive at its top-class Chirano mine.
Predictions are that gold production in Ghana will experience significant growth in 2021, driven mainly by the Phase 2 completion of AngloGold Ashanti’s Obuasi. According to Fitch Ratings, a solid project pipeline and exploratory activities to replace maturing mining assets will ensure steady production growth in the country’s gold sector, while elevated gold prices will boost Ghana's attractiveness.
While gold remains the mainstay in Ghana, the country is trying to diversify its extraction sector. The Birimian in Ghana has historically been one of the richest gold fields in the world, but high-grade lithium spodumene pegmatites in the same geological setting has been discovered in recent years.
