Contrary to reports that gold output fell by 7 percent by the third quarter of \u00a02016, the Minerals Commission has disclosed that gold output rather went up by over 2 percent in the same period.<\/p>\n
Earlier reports suggested that the production of gold went down by 7 percent to 1.9 million ounces by the third quarter of 2016 compared to the same period in 2015.<\/p>\n
But speaking to Citi Business News<\/strong>, the Chief Executive Officer of the Minerals Commission, Dr. Toni Aubynn stated that the commission\u2019s data shows an improvement despite challenges faced by the mining industry in 2016.<\/p>\n He explained that the data which may have emanated from the Chamber of Mines captured only total output of the members of the chamber, and not the national production.<\/p>\n \u201cIf you look at the data that became the source it\u2019s a Chamber of Mines data, and for Chamber of Mines, they are an association so they keep the records of members, not all gold in this country,\u201d he said.<\/p>\n \u201cSo our record which is from the authoritative commission that should keep proper records of the production of all the minerals do not show 1.9 million[ounces]. Actually gold production went up within the same period by 2.3 percent,\u201d he added.<\/p>\n Dr. Aubynn explained that the production level of the country cannot be in dispute since there are\u00a0 transparent and proper records to is imputed into the national data.<\/p>\n \u201cSo it would have been the amount of gold produced by members who are members of the Chamber of Mines, non-members of the chamber of mines including small scale miners will not be included in the Chamber of Mines data. So as a country rather than decrease by 7 percent, actually the data we have suggest that we increase by 2.3 percent in the same period,\u201d he said.<\/p>\n –<\/p>\n By: Lawrence Segbefia\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" Contrary to reports that gold output fell by 7 percent by the third quarter of \u00a02016, the Minerals Commission has disclosed that gold output rather went up by over 2 percent in the same period. Earlier reports suggested that the production of gold went down by 7 percent to 1.9 million ounces by the third […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,171],"tags":[],"class_list":["post-286571","post","type-post","status-publish","format-standard","hentry","category-business","category-local-economy"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/286571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=286571"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/286571\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=286571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=286571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=286571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}