Investment Times

Ghana's gold exports rose 15 per cent year-on-year to $7.6bn in 2023, driven by increased production and higher prices. According to the Bank of Ghana's annual report, the expansion of Newmont Ahafo Mine, the resumption of operations at Anglogold Ashanti Obuasi Mine, and higher volumes from small-scale miners contributed to the growth in gold exports. In contrast, earnings from crude oil exports fell 29.3 per cent to $3.84bn in 2023, due to lower prices and export volumes. The average realised price of crude oil declined 18.4 per cent to $81.78 per barrel, while export volumes decreased 13.4 per cent to...