Ivory Coast is said to be the best mining jurisdiction in West Africa and ranks third among the most attractive mining jurisdictions in Africa, behind Morocco and Botswana

For more than a decade, the government of Côte d'Ivoire has been working to make mining a pillar of the economy. Gold production there is continuously increasing, reaching 48 tonnes in 2022, while exploration is intensifying for other metals such as lithium or rare earths.

According to the Fraser Institute’s Investment Attractiveness Index, Côte d’Ivoire is the best mining jurisdiction in West Africa. At least that’s what the Canadian think tank’s annual survey published in early May reveals, which ranks the country third among the most attractive mining jurisdictions in Africa, behind Morocco and Botswana.

According to the document consulted by the Ecofin Agency, Côte d’Ivoire is well ahead in the sub-region with regard to mining policy, a criterion that assesses how the regulatory, political and social environment encourages or discourages mining. mining investment. Ivory Coast scored 58.73 out of 100, against 49.43 for Ghana and 44.86 for Burkina Faso. Mali is rated 38.55 out of 100 while Guinea obtained the worst score in West Africa with 10.40.

On the other hand, Guinea comes first with regard to the second criterion, which assesses the mineral potential, with a score of 85.71 out of 100, followed by Burkina Faso with 77.78 and Ghana with 70.83. Côte d’Ivoire and Mali obtained the same score, i.e. 70 out of 100.

Note that over the past five years, this is the first time that Côte d’Ivoire has entered the Fraser Institute ranking. The country ranks 30th globally, out of 62 jurisdictions assessed in 2022.