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1.1 Overview of Ghana’s Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and bauxite. Gold is the predominant mineral produced in the country, accounting for over 90% of all mineral revenues annually over the past two decades (Minerals Commission1).
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In monetary terms, the real value of output of the core mining and quarrying sub-sector decreased from GHȻ 733 million in 2016 to GHȻ 494 million in 2017 (Ghana Statistical Service, 2018). Mining Cost Service Costmine. Mining Cost Service is the industry standard reference for Mining Cost Estimation.
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The gold mining industry is a major contributor to the economy of Ghana. However, this contribution has been declining over the past decade. This decline coupled with the importance of the industry to the country’s economy necessitated the need to analyse the performance of companies within the industry. Therefore, a cost performance analysis of Ghana’s major gold mines was done in this
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