By Ekow Dontoh
Bloomberg News
Thursday, May 22, 2025
Ghana expects to rake in $12 billion a year from small-scale gold production if output doubles as planned.
Gold exports from the country have surged as international prices have soared, and much of that expansion is down to small-mine and artisanal production. The government this year set up a regulator to handle all gold buying and selling, hoping to boost foreign-currency reserves and curb black-market trading.
... Dispatch continues below ...
... ADVERTISEMENT ...
The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce,
are now available from Tara Coins directly and from authorized distributors in the U.S. and worldwide
The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce, are now available from Tara Coins directly or from authorized distributors in the United States and worldwide.
The Gold and Silver Trees of Life are the first 99.99% Irish bullion rounds and are truly sovereign (non-legal tender) coins. They are beautiful and limited in mintage and supply, making them highly desirable as gifts, collectible coins, and -- most importantly -- as stores of value.
Tara Coins is a designer, wholesaler, and retailer of Irish bullion products, selling beautiful, collectible, store-of-value, 99.99% pure Irish silver and gold bullion.
GATA supporter Money Metals Exchange is now one of Tara Coins' leading distributors in the U.S. and is selling all the Gold and Silver Trees of Life coins for delivery or storage at its vault in Idaho.
For more information about Tara Coins' Gold and Silver Trees of Life, including minimum order sizes and premiums to purchase them, please contact us at info@taracoins.com [1] or visit us at https://www.taracoins.com [2]/.
"Our goal is to move above 3 tons a week" in purchases, up from about 1.5 tons a week in January, said Sammy Gyamfi, the Ghana Gold Board's chief executive officer. "We expect to be able to bring in about $6 billion by the end of this year, but we are confident that we will reach the $12 billion in annual inflows from next year."
Ghana, Africa's top gold producer, which has been locked out of international capital markets following a debt default in 2022, is taking advantage of its largest foreign-exchange earner as gold prices climb. Bullion is trading near $3,300 an ounce after reaching successive records during the past year. ...
... For the remainder of the report:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
https://tinyurl.com/3xt6uw66 [4]
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16 [6]
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png [7]
