The geology of Ghana is primarily very ancient crystalline basement rock, volcanic belts and sedimentary basins, affected by periods of igneous activity and two major orogeny mountain building events. Aside from modern sediments and some rocks formed within the past 541 million years of the Phanerozoic Eon, along the coast, many of the rocks in Ghana formed close to one billion years ago or older leading to five different types of gold deposit formation, which gave the region its former name Gold Coast.