Gold out­put takes a knock

The Star Early Edition - - BUSINESS REPORT -

GHANA’S gold out­put is likely to drop sharply in 2017 be­cause of curbs on the small-scale min­ing that lifted pro­duc­tion last year, but was caus­ing dam­age to the en­vi­ron­ment, a gov­ern­ment of­fi­cial said on Sat­ur­day. To­tal gold out­put from Africa’s sec­ond largest pro­ducer was 4.1 mil­lion ounces in 2016, the high­est level in nearly 40 years, up from 2.8 mil­lion ounces in 2015. The gov­ern­ment of Pres­i­dent Nana Akufo-Addo, who took of­fice in Jan­uary, has tem­po­rar­ily banned pan­ning for gold, in a re­newed ef­fort to clamp down on those who do it il­le­gally.

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