Tag Archives: GOLD

Tokyo Olympics: Chinese weightlifter wins gold on one leg

Chinese weightlifter, Li Fabin, broke two Olympic records on Sunday, and he did so with a bit of flair. On his opening clean and jerk lift of 166 kilograms (approximately 366 pounds), Li momentarily stood on just one leg. After extending the weight above his head, Li kept his left …

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Speed and energy used to shut down Radio Gold very disturbing – Sefa Kayi

  Host of Peace FM’s ‘Kokrokoo’, Kwami Sefa Kayi, is pleading with government to restore the operational license of Radio Gold following its shutdown by the National Communications Authority (NCA). Radio Gold was shut down three years ago for allegedly operating without valid authorization. According to the NCA, the station …

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Proposed new gold mine to reverse production slump

After several years of lull with regards to new gold mines, Ghana is finally about to get one, as Canadian junior, Newcore Gold has announced a preliminary economic assessment (PEA) for its Enchi gold project. It outlines plans for an open pit and heap leach operation processing 6.6 million tonnes …

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Crude oil price rebound, gold and cocoa price decline – BoG report

• The Bank of Ghana said the Composite Index of Economic Activity (CIEA) grew strongly by 26.8 percent in March 2021, against a contraction of 1.9 percent a year earlier • The report also said lending rates of banks declined to 20.9 percent in April 2021, compared to 22.4 percent recorded in …

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Ghana records biggest fall in gold production in 16 years

Ghana’s gold production dropped 12.1 per cent to 4.02 million ounces in 2020 Sat, 5 Jun 2021Source: GNA Ghana’s gold production dropped 12.1 per cent to 4.02 million ounces in 2020 compared with 4.57 million ounces in 2019, representing the biggest fall in 16 years, the Ghana Chamber of Mines said …

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Ghana overtaking South Africa in gold production good news but could be disastrous

Chief Executive Officer (CEO) of Songhai Group, Mr Hene Aku Kwarpong, has noted that although it is good news that Ghana has overtaken South African as the leading producer of gold making it number one, this development has the propensity of rather creating problems for the West African nation. He …

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Collapsing gold pit kills 14-year-old boy at Manso-Tontokrom

A 14-year-old boy has died at Komkom near Manso-Tontokrom, a farming community in the Amansie West District after an abandoned gold pit collapsed on him last night. The deceased, Amadu Hamba, was mining in the restricted area when the dugout sand came crashing down, a police report sighted by dailymailgh.com …

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Gov’t orders ‘partial’ payment of Gold Coast customers

The Securities and Exchange Commission (SEC) says the government has authorized a partial bailout for customers of Blackshield, formerly Gold Coast, and other fund management companies who are yet to be paid following the collapse of the firms. The government had excluded customers of Blackshield from payments to affected customers …

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Diaso: Brave gold dealer overpowers 7 armed robbers; kills one

The bravado exhibited by a gold dealer and his subordinate workers has led to the killing of one of seven armed robbers who attempted attacking him at Diaso in Upper Denkyira West District of the Western Region. According to police sources available to MyNewsGh.com, the seven armed robbers one welding an …

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Ghana may be selling its gold assets short

Ghana’s capital-raising wheeze is a smart idea flawed by dubious assumptions and numbers. The country is parcelling up royalties from its gold mines into a Jersey-incorporated company called Agyapa. The government will then sell half of this on the London stock exchange for a proposed $US500 million ($701 million). Rationally, …

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