Gold output projected to hit 5.1m ounces in 2025 – Chamber of Mines

Perseus Mining’s Edikan operation, Gold Fields’ Damang and Tarkwa mines, and Zijin Mining’s Akyem mine may see production declines. This could slow overall growth in the gold sector.

The small-scale gold sector's production outlook is uncertain. This uncertainty stems from the government's reorganization of the Precious Minerals Marketing Company into the Ghana Gold Board.

If current trends continue, output may reach 1.5 to 2 million ounces by 2025. In 2024, Ghana's gold production rose by 19.3 percent to a record 4.8 million ounces. This was an increase from 4 million ounces in 2023.

Chamber members contributed to 59.4 percent of national gold output in 2024. Mineral revenues also increased by 19.8 percent to US$7.1 billion.

In contrast, South Africa's gold production fell by 5.9 percent in 2024, dropping to 90 tonnes from 95.6 tonnes the previous year.

Mr. Akafia spoke at the Chamber’s annual general meeting (AGM) in Accra. He noted that the mining sector paid GH₵17.7 billion in fiscal payments last year. This marked a significant increase of 51.3 percent from GH₵