Mining

Mining is a key component of Ghana’s national economy; the country is Africa’s largest gold producer. The Covid-19 pandemic highlighted the mineral’s prominent role, as gold is seen as a safe investment during uncertain times. While the mining sector faces challenges in terms of modernising practices, diversification efforts are forging ahead. Industrial minerals including bauxite and manganese have received significant amounts of foreign investment in recent years. Despite uncertainty over the trajectory of the pandemic, there is widespread hope that 2022 and 2023 will see mining activity pick up, with both supply and demand increasing as the world moves towards a recovery. In particular, demand from countries such as China is likely to keep rising in the years ahead, further supporting expansion.

This chapter contains an interview with Douglas MacQuarrie, President and CEO, Asante Gold.