In 2018 Ghana overtook South Africa to become the top gold producer in Africa. According to the Ghana Chamber of Mines, total production increased by 11.9% in 2018, from 4.3m oz in 2017 to some 4.8m oz, with gains in output expected to continue beyond 2019. Global credit ratings agency Fitch also ranked Ghana’s mining sector first in Africa –...
The decade from 2009 to 2019 was highly transformative for the Ghanaian energy sector. When the nation made its first discovery of deepwater oil and gas in 2007, biomass was the largest component in its total energy consumption. The subsequent exploitation of this new hydrocarbons resource, combined with a national drive towards...
The duel aims of reducing greenhouse gas emissions and providing greater access to energy for underserved regions of the world are proving to be a complex challenge in need of innovative solutions and major investment. Repeated warnings from scientists regarding the economic and environmental consequences of unabated carbon emissions have seen...
Ghana’s recent competitive bidding round for offshore oil blocks garnered considerable foreign interest. Applications from global players, such Italy’s Eni, helped to boost investor confidence in the domestic oil and gas industry. However, an increasing foreign presence runs counter to a competing ambition: Ghana has long worked to boost local...
For many years, commercial agreements made between Ghana and oil companies were reached through direct negotiations. This open-door policy was useful in the early stages of the development of upstream oil and gas industry; it allowed the government to rapidly build momentum in the sector. However, as policymakers began to look to the long-term...
Micro-insurance represents a new development path for Ghana’s insurance industry, and protecting workers and businesses from unforeseen events, such as flood or drought, is emerging as a policy priority for regional governments. Low median incomes have traditionally excluded many Ghanaians from financial services, but the emergence of the...
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