GHANA'S GOLD OUTPUT EXPECTED TO SURPASS FIVE MILLION OUNCES IN 2025- CHAMBER OF MINES

The Ghana Chamber of Mines has projected that the country’s gold production will exceed five million ounces in 2025, signaling a strong resurgence in the mining sector. This milestone would mark a significant improvement in Ghana’s gold output and further strengthen its position as a leading gold producer on the African continent.

According to the Chamber, Ghana recorded a major recovery in 2023, reclaiming its title as Africa’s top gold producer. Total gold output rose by an impressive 32% to 3.7 million ounces, up from 2.8 million ounces in 2021. This rebound is attributed to a combination of increased production by large-scale mining firms and a renewed focus on responsible small-scale mining.

Several strategic initiatives are driving this projected growth. Among them is the government's Gold for Oil initiative and broader efforts to stabilize the macroeconomic environment through increased foreign exchange earnings from the mining sector. The Chamber of Mines has expressed its full support for these policies, noting that they align with efforts to make Ghana's mining industry more sustainable and beneficial to the broader economy.

Acting Chief Executive Officer of the Chamber, Ahmed Dasana Nantogmah, emphasized the vital contribution of the small-scale mining sector, which currently accounts for about 40% of Ghana’s gold output. He stressed the need to formalize and support these miners to ensure environmental compliance and improve productivity.

Large mining companies are also playing a key role in boosting output. For example, Gold Fields Ghana is aiming to produce around 660,000 ounces of gold in 2025—almost double its 2024 output of 331,200 ounces. This expansion is expected to make a substantial contribution to the country’s overall gold production and economic growth.

With these developments, Ghana is on track not only to maintain its leadership in Africa’s gold industry but also to increase its export revenues and enhance its economic resilience.