Why You’ll Love Ghana Gold and Diamonds
Introduction
If you’re looking for an unforgettable gift that will last a lifetime, Ghana gold and diamonds are the perfect choice. Not only do they have an incredibly luxurious look and feel, they also offer an incredibly unique combination of quality and authenticity. From exquisitely crafted jewelry to symbolic cultural artifacts, Ghana is home to some of the most exquisite pieces of gold and diamonds in the world. In this blog post, we’ll explore just why you should choose Ghana’s gold and diamonds for your next special occasion or purchase.
The Geology of Ghana’s Gold and Diamond Deposits
Ghana is a West African country with a long history of gold mining. Gold is Ghana’s main mineral export, accounting for around 90% of the country’s mineral revenue. Ghana is also rich in diamonds, but these are not currently mined on a large scale.
Ghana’s gold deposits are located in three main areas: the Ashanti Belt, the Western Region, and the Birimian Greenstone Belt. The Ashanti Belt is by far the most productive, accounting for around 80% of Ghana’s gold production. This belt includes the major gold-producing areas of Obuasi, Prestea, and Konongo.
The Western Region is home to Ghana’s second-largest gold deposit at Tarkwa. Gold mines in this region include the Bibiani and Dunkwa deposits. The Birimian Greenstone Belt extends from Ghana into Burkina Faso and Cote d’Ivoire. This belt has seen less exploration than the other two regions but is thought to be equally prospective for gold.
The History of Gold and Diamond Mining in Ghana
Gold mining in Ghana has a long history, dating back to the 15th century. The country is rich in gold reserves and has some of the world’s largest gold deposits.
The first recorded gold find in Ghana was at Anwiam near Wassa Akropong in the Western Region in 1470 (1). This led to a rush of prospectors to the area and subsequent establishment of more mines. By the early 1600s, THERE WERE MORE THAN 30 GOLD MINES IN OPERATION IN WHAT IS NOW GHANA (2).
The majority of these mines were located in the Ashanti Region, with others in the Eastern, Western and Central Regions. Gold was originally mined using manual labour, with picks and shovels. However, as production increased, machinery was brought in to assist with mining operations.
large-scale commercial gold mining began in earnest in the 1930s with foreign companies such as Anglo-Ashanti Goldfields Limited (now AngloGold Ashanti) operating mines in the country. Currently, there are several large scale gold mines owned by multinational corporations operating successfully in Ghana (3). These include operations such as Obuasi Mine operated by Anglogold Ashanti; Tarkwa Mine operated by Gold Fields Ghana; Damang Mine operated by Gold Fields Ghana; Ahafo Mine operated by Newmont Mining Corporation; Prestea Underground Mine also operated by AngloGold Ashanti (4).
The Economic Impact of Ghana’s Gold and Diamond Mining Industry
Ghana is Africa’s second-largest producer of gold, after South Africa, and the continent’s third-largest producer of diamonds. The country has a long history of gold mining, with production having peaked in the 1970s at more than three times its current level. Gold is Ghana’s major export commodity, accounting for around 90% of total exports in 2016.
The diamond industry in Ghana is also significant, with the country ranking as the world’s fifth-largest producer of diamonds by volume in 2015. Diamonds are primarily mined in two areas – the Akan River Basin in the Ashanti Region and along Ghana’s western border with Cote d’Ivoire.
The economic impact of Ghana’s gold and diamond mining industry is significant both locally and internationally. The sector contributes around 8% to Ghana’s GDP, with minerals exports accounting for around 37% of total exports in 2016. Gold and diamonds are also a major source of foreign direct investment (FDI) into Ghana, with the sector attracting investments from some of the world’s leading mining companies.
The Future of Ghana’s Gold and Diamond Mining Industry
Ghana is home to some of the world’s most precious minerals, including gold and diamonds. For centuries, these resources have been exploited by foreign companies, but lately Ghana has been working to take back control of its natural resources.
The government has set up a Ministry of Lands and Natural Resources and is working on a new Minerals and Mining Act that will give Ghanaians a greater share in the benefits from mining. The country is also investing in infrastructure, such as roads and power plants, to make it more attractive to mining companies.
With these initiatives, Ghana is positioning itself to be a leading player in the global gold and diamond mining industry. So if you’re looking for a place to invest in Africa’s mining sector, Ghana should definitely be on your radar.
Conclusion
Ghana Gold and Diamonds is a unique place to buy quality jewelry. The culture of the country, the commitment to producing only ethically-sourced stones, and their customer service are just some of the reasons why you’ll love shopping with them. Whether you’re looking for something special to commemorate an occasion or just want a beautiful piece of jewelry that is sure to turn heads, there’s no better place than Ghana Gold and Diamonds. Give them a try today – you won’t be disappointed!
