BMI View: Ghana is set to remain Africa's second-largest gold producer, after South Africa, as investmentcontinues to flow into the mineral-rich country. The country boasts one of the most favourable businessenvironments in the region, with a democratic and stable government, which contrasts sharply with many ofits resource-rich neighbours. Ghana's mining sector is set to reach USD3.6bn in 2018, up from USD3.3bnin 2013, as bauxite and gold production see modest increases. We expect gold to be the main driver ofgrowth, but see bauxite playing a growing role.
Ghana contains the second largest area of gold deposits in Africa, after South Africa. It derives the bulk ofits external revenue from gold mining, which accounts for over 90% of Ghana's total mineral exports. Apartfrom gold, Ghana also produces significant quantities of bauxite, manganese and diamonds, although outputof the latter has seen significant declines over the past three years as mines have been closed.