ASX Share Price

Listed on ASX

ADU (ASX) Share Price

$0.640

Delayed by 20 minutes. Source: ASX

Gold Price

Gold Price ($/oz)
US$1,623.00
As at 30.09.2011

Home Nzema Gold Project Ghana

GHANA

Ghana has had a long history of mining especially for gold. Gold from West Africa was traded to Europe as early as the 10th century. Most of this gold came by Sahara caravan, the original sources being the kingdoms of Ghana, Mali and Songhai. In the 15th Century the Portuguese came to Ghana and found so much gold between the Ankroba and Volta Rivers that they named the place Mina - meaning mine. In the early colonial time it is thought that annually more than a quarter of a million ounces of gold reached Europe from African sources.

In 1895 Ashanti Goldfields Corporation began work in the Obuasi district of Ghana, developing the Ashanti and other mines which have produced the largest proportion of gold since 1900 in the countries of the Gold Coast. All of these deposits are of Precambrian age.

Today gold contributes approximately 42% toward Ghana's exported commodities.

The Best Address in Africa

Ghana maintains a stable political climate, is English speaking and has an English legal system, all of which greatly assist in the discovery and development of new gold deposits.

  • 1957 became independent from the British
  • Population of 23 million
  • Economic growth rate 6%
  • Business oriented government
  • Only 7 hour flight from London
  • Main exports: Gold, Cocoa, Timber

Hydro Power - Volta Dam

Most of the electricity in Ghana is generated by hydropower. The largest dams are Akosombo (134m high) and Kpong (29m high), both at the Volta River and operated by the Volta River Authority (VRA). Ghana has 1072 MW of installed hydro capacity, at the Akosombo (912 MW) and Kpong (160MW) plants. The VRA also exports electrical power to Benin, Togo and the Ivory Coast utility Compagnie Iviorienne d'Electricite. A thermal power plant is located at Takoradi (300 MW). Further 30 MW can be generated at the Tema Diesel Generating Station. Further projects both for new dams and oil/gas are under way. The government aims to supply electrification to the whole country by the year 2020.