Ghana expects gold output to grow by 6.25% to 5.1 million ounces in 2025

Gold production in Ghana could increase by 6.25%, reaching 5.1 million ounces in 2025. This would surpass last year's record high of 4.8 million ounces, as reported by the country's Chamber of Mines. The agency emphasized that such growth is possible thanks to increased artisanal mining activity and the launch of new enterprises, which should offset the decline in production at older mines.

Last year, small-scale gold miners contributed a record 39.4% to Ghana's total gold production. However, Michael Akafia, Chamber of Mines President, noted that their activities face significant uncertainty and potential disruptions due to changes in regulation.

The National Association of Small-Scale Miners of Ghana claims the opposite. According to its representatives, new government measures, including the abolition of the withholding tax on local purchases, will boost artisanal gold production by 30–40% in 2025. The Chamber of Mines's base-case scenario suggests that small-scale output will range from 1.5 to 2 million ounces in 2025, compared to 1.9 million ounces in 2024.