Bedru Awel’s Post

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# News Top 10 gold-producing countries in Africa Africa is not left out of the global gold production venture as West Africa is said to be one of the world's fastest-growing regions in terms of gold production. Gold has come to stay as a major commodity amid its rising significance as a safe haven asset with prices skyrocketing globally, climbing to US$2,468.40 per troy ounce in June 2024. According to the World Gold Council (WGC), the volume of gold produced globally has steadily increased in the last four years, rising by 12%. The US Geological Survey put the volume of global gold production at 3,000 metric tons (MT) last year (2023) with a contribution of about US$38.0bn directly and indirectly to host nations. Africa is not left out of the global gold production venture as West Africa is said to be one of the world's fastest-growing regions in terms of gold production and is currently the source of around half the gold produced in Africa.

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