The country experienced a remarkable 32% increase in gold production last year, marking a significant recovery after a notable decline in production.
In 2021, Ghana ceded the leadership position to South Africa due to a sharp drop in production levels.
However, the situation has changed with Ghana's gold production rising to 3.7 million ounces in 2022 from 2.8 million ounces the previous year.
This remarkable growth can be attributed to increased production in the large and small scale sectors.
During the annual general meeting, Joshua Mortoti, President of the Ghana Chamber of Mines, highlighted the extraordinary achievement: "The large-scale gold sub-sector achieved its highest production in the country's history in 2022".
He further explained that a combination of high production and expansion of existing mines contributed to a 13% increase in the large-scale sector's contribution to national gold production, reaching 3.1 million ounces last year, compared to 2 .7 million ounces in 2021.
Additionally, Mortoti revealed that member companies of the chamber of mines have successfully sold over 77,620 ounces of gold through the Domestic Gold Purchase Program. This initiative, launched by the Bank of Ghana, aims to reinforce the country's gold reserves.
