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The gold mining market is a multibillion dollar market with Africa playing host to a great proportion of exports. The gold refining industry has been dominated by large scale refineries leaving large potential for small to medium scale facilities that would further move up the value chain in jewellery making, exporting complete and finished products of high quality. With over 3,800 metric tonnes of gold demand per annum globally according to the World Gold Council, the demand for the precious metal has pushed its prices to high enough levels that would make several sources of gold economically viable; mining, recycling, scrap etc, etc.
Although a number of local and international mining firms have been granted gold exploration licenses and have been operating in Ghana, the country’s gold mining industry is still young and the gold-rich areas of Accra remain largely under-explored with thousands of artisanal and small-scale miners. The recent explorations conducted by the government and private companies are said to have revealed large gold deposits in Ghana, which could lead to the large-scale commercial mining that could put Accra on the map of the top gold producers in Africa.