Ghana’s gold production is expected to rise by 6.25% in 2025, reaching an estimated 5.1 million ounces, according to the Ghana Chamber of Mines. This projection, released on Friday in the chamber’s latest annual report, follows the country’s record-breaking 2024 gold output of 4.8 million ounces, which marked a 19.3% increase from the previous year.
The projected growth reinforces Ghana’s position as Africa’s leading gold producer, outpacing major mining nations such as South Africa and Mali. Analysts say this strong performance has been buoyed by a combination of robust artisanal mining activities and the launch of new large-scale mining operations, which have successfully offset declining yields at some of the country’s older, more mature gold mines.
The report highlights that Ghana’s gold sector continues to serve as a vital engine of economic growth. In 2024, the surge in gold production significantly boosted export earnings, contributing to the stabilisation of the cedi currency and supporting the country’s gradual recovery from what has been described as its worst economic crisis in decades.
The rising global prices of gold, driven by market volatility and investor demand for safe-haven assets, have further strengthened the sector’s impact on Ghana’s macroeconomic indicators. As a result, gold now plays an even more critical role in the country’s foreign exchange inflows, alongside other major exports like cocoa and crude oil.
Industry insiders attribute the sector’s resilience to targeted policy interventions, increased investments in exploration and mining infrastructure, and stronger regulatory frameworks that have helped formalise parts of the informal gold mining industry, commonly referred to as galamsey.
Despite these gains, challenges remain. Aging infrastructure at some legacy mines, environmental concerns around artisanal mining, and global supply chain issues still pose risks to sustained growth. However, the Ghana Chamber of Mines remains optimistic about future prospects, citing government reforms, new investor confidence, and technological adoption as reasons for continued optimism.
The 2025 outlook suggests that Ghana will not only maintain but potentially expand its lead in Africa’s gold mining landscape, with production levels forecasted to continue rising if supportive conditions persist.
