Search

Burkina Faso Records Third Straight Annual Decline in Gold Production

© Pexels
  • Gold production fell to 47.7 tonnes in 2024, continuing a downward trend since 2021.
  • Authorities cite insecurity and terrorism as key drivers of the decline.

Gold production in Burkina Faso has dropped for the third consecutive year, declining to 47.7 tonnes in 2024 from 67.09 tonnes in 2021, according to the Ministry of Mines. Experts warn that this trend poses a significant threat to the country’s economy, where gold accounts for 67.1% of export value and contributes 14.5% of GDP.

Recent Business

China trades with Africa . Photo by Wolfgang Weiser @ Unsplash
Mauritania secures $1bn trade finance deal to boost economic growth
Read More »
Food prices drive up inflation. Photo by Kamran Chaudhry @ Unsplash
Egypt inflation rebounds as food prices push urban CPI higher
Read More »
A farmer picking cocoa in the field. Photo @ Pexels
Nigeria cocoa trader Sunbeth raises $118mn in oversubscribed commercial paper deal
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights