Core Insights - Ghana is conducting its most extensive mining sector audit in a decade, focusing on major gold producers to recover lost revenue and enhance regulatory oversight [1][2] - The audit will involve leading gold mining companies and is scheduled to take place from November 1, 2025, to June 2026 [2][5] Group 1: Audit Details - The audit will target major gold mining companies including AngloGold Ashanti, Asante Gold, Gold Fields, Newmont, Perseus, and Zijin [2] - The process will be carried out by government auditors, forensic accountants, and independent consultants [2] - Companies are required to submit ten years of production logs, three years of financial records, relevant permits, stockpile inventories, and shipping manifests by October 31 [3] Group 2: Economic Context - The mining sector generated 17.7 billion cedis ($1.68 billion) in 2024, supported by a 25.1% increase in gold output [5] - Ghana expects gold production to reach 5.1 million ounces in the current year, an increase from 4.8 million ounces previously [5] - Mining is a crucial sector for Ghana's economy, which is also the world's second-largest cocoa producer [4] Group 3: Historical Context and Opinions - The last mining sector audit was conducted in 2015, and some companies contested the findings of that audit [6] - An economist suggested that special audits should be conducted annually to inform tax policy and unlock the sector's revenue potential [7]