From The Report: Ghana 2018
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For more than 150 years the mining industry has been one of the key pillars of the Ghanaian economy. While it contributes a modest and – as a result of rising oil, gas and agricultural production – declining proportion of GDP, it remains a major source of government revenue, through taxation and royalty payments, and an indispensable driver of employment and infrastructure development. Following several years of weak commodity markets, the rebound in global prices has resulted in bigger profit margins for miners, while upgrades in key projects have helped boost production. Moreover, expansion projects and continued exploration activities indicate that Ghana’s history of large-scale gold mining will continue for many years to come.