By: IGNEWSS
Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover lost revenue and tighten oversight, a government letter seen by Reuters shows.
Governments across West Africa are intensifying scrutiny of mining firms to enforce compliance with regulations and safeguard revenue from soaring commodity prices.
Spot gold prices hit a record above $4,380 an ounce on October 20.
The audit will cover major gold miners, including top producer Newmont, AngloGold Ashanti, Gold Fields, Perseus, Asante Gold and China’s Zijin.
It will be led by government auditors, forensic accountants, and independent consultants, according to an October 13 government letter from the regulatory Minerals Commission sent to mining companies via the Ghana Chamber of Mines.
Industry regulator, the Minerals Commission, is deploying teams for the nationwide physical and financial audit from November 1 to June 2026 to scrutinize production volumes, mineral flows, tax and royalty payments, and environmental compliance
Source: norvanreports