The analysis of Ghana's gold production from 2013 to 2023 shows a gradual increase with occasional declines. By 2023, the production stood at 97.79 thousand kilograms. Key trends include a significant drop in 2020 by 16.03%, followed by a strong recovery in 2021 with a 27.94% increase. However, the general trend from 2019 to 2023 shows a slower growth rate, averaging a Compound Annual Growth Rate (CAGR) of 1.13%. Projected data from 2024 to 2028 indicates continued growth but at a moderate 0.83% CAGR, with an overall growth rate of 4.22% over five years.
Future trends to watch for:
• Potential impact of global economic conditions on gold prices.
• Regulatory changes in mining policies within Ghana.
• Technological advancements in mining operations.
• Environmental sustainability measures and their effect on production efficiency.