According to the Bank of Ghana, exports of gold amounted to $1.5 billion in the first three months of 2012.
ACCRA(BullionStreet): "West African nation Ghana said it's gold production is likely to hit a new high this year.
"According to Ghana's Natural Resources ministry, production is expected to cross 110 metric ton mark this year from last year's 102 metric tonnes.
"The ministry said an amount of $2.5 billion has been invested in mining in Ghana in the last three years.
"Gold contributed 1 billion Ghanian cedi, representing 27.61 per cent of total collection of the Ghana Revenue Authority in 2011. It also contributed 42 per cent of total merchandise export within the same period.
"According to the Bank of Ghana exports of gold amounted to $1.5 billion in the first three months of 2012 ..."