The main destinations for African gold were the United Arab Emirates, Turkey and Switzerland. In 2022, Ghana was the largest gold producer in Africa, followed by Mali and South Africa, it said. The UAE was by far the main destination for smuggled gold, the report said, with some 405 metric tons of undeclared output from Africa ending up there. During a 10-year period between 2012-2022, that amount summed up to 2,569 metric tons of gold, worth around $115 billion. Switzerland, another main buyer of African gold, imported some 21 metric tons of undeclared gold from Africa in 2022, the report said.

Source: ABC News May 30, 2024 22:41 UTC