THE GHAN A C H A MBE R OF M INES 2019 In du s t ry S t a t ist ics Da t a GHA N A C H A M B E R O F M I N E S 20 1 9 FA C T O I D Pa g e 9 M o re o ve r d a ta f rom th e B a n k of G h a n a in d ica tes t h a t p roce ed s f ro m t h e ex port o f m i n er a ls ro se f ro m U S 5 7 6 0 bill io n i n 2 0 1 8 to U S 6 6 7 8 bill io n in 2 0 1 9 The 1 6 pe r ce n t ex pa n si o n in m in er a l re ve n u e wa s o cc a si o n ed by i m pr o ve m en ts in re ce ipt s f rom go ld m a n ga n ese a n d ba u xite w h ic h o utw e ig h ed th e d ec li n e i n pr o ce ed s f rom th e ex p o rt o f d ia m o n d T h e upt urn i n m in er a l re ce ip ts ex pa n d ed th e sect o rs s h a re in gro ss m er cha n d iz e ex port re ce ipts f rom 3 9 pe r ce n t in 2 0 1 8 to 4 3 pe r ce n t in 2 0 1 9 con so li d a ti n g it s st a tus a s th e f o re m o st s o urc e o f f o re ig n ex cha n ge f rom ex port ea rnin gs T h is c o m pa re s f a vou ra bly w ith t h e o u tturn s o f 2 9 pe r ce n t a n d 1 5 pe r ce n t f o r cr ude o il a n d c o coa r espe ctive ly i n 2 0 1 9 In re spec t o f re pa tria ti o n o f m i n er a l e xp o rt re ce ipt t h e pr o d ucin g m embe r c o m pa n ies o f th e G h a n a C h a m be r o f M in e s r etur n ed U S 3 3 bill i o n o ut o f th eir re a li z ed m i n er a l e xp o rt re ve n ue o f U S 4 5 bill io n i n 2 0 1 9 The enti re U S 3 3 bill io n wh ic h tra n s la tes in to 7 3 pe r ce n t of ex p o rt p roce ed s o f th e pr o d uci n g m em be r com pa n ies wa s plo ug h ed ba ck in to th e co un tr y th rou g h th e va rio us co m m er cia l ba n ks to d ee pe n th eir in te rmed ia tio n f un ctio n s a s we ll a s r einfor ce th eir f o re ig n ex cha n ge re ser ve s to m ee t t h e i m port d ema n d s o f t h e cou n try 3 0 GH A NA I N T HE GLO B A L MI N I N G A RE NA 3 1 G L OB A L G OLD P ROD U C T I ON The cou n try m a i n ta in ed i ts pos it io n a s th e lea d in g pr o d uce r o f go ld i n A f rica a n d th e eigh t la rge st pr o d uce r i n th e w o rld in 2019 T a b l e 1 0 Glob a l Go l d P r odu ct i on Mi n e P r odu ct i on T onn e s 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 No r t h A me r i ca U n ited S ta tes 2 3 1 3 2 3 3 9 2 3 4 6 2 3 0 1 2 1 0 0 2 1 6 7 2 2 9 1 2 3 6 5 2 2 1 7 2 0 0 2 Ca n a d a 1 0 2 1 1 0 2 0 1 0 6 4 1 3 1 4 1 5 1 2 1 5 7 7 1 6 3 1 1 7 1 2 1 8 9 0 1 8 2 9 M ex ico 7 8 8 9 4 4 1 0 7 5 1 0 5 8 1 1 3 4 1 3 1 6 1 2 7 8 1 1 9 4 115 4 1 1 1 4 Sub t ota l 4 1 2 2 4 3 0 3 4 4 8 5 4 6 7 4 4 7 4 6 5 0 6 0 5 2 0 1 5 2 7 2 5 2 6 1 4 9 4 5 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019