Ghana’s Gold Industry Expands as Key Mining Projects Take Shape

Ghana’s mining industry will take center stage at the inaugural Mining in Motion Summit, scheduled for June 2–4, 2025, in Accra. The event will convene small-scale miners, policymakers, and international stakeholders to explore how sustainable mining practices can drive economic growth and position Ghana as a global leader in responsible resource management.

Sustainable Mining as an Economic Catalyst

Ghana’s mining sector, particularly artisanal and small-scale gold mining (ASGM), plays a crucial role in the country’s economic framework. In 2024 alone, ASGM generated over $5 billion in export revenue, accounting for 35% of Ghana’s total gold production. The sector supports over 1 million direct jobs and indirectly impacts an additional 4 million people, reinforcing its status as a key employment driver.

As Ghana looks to maximize its mining potential, industry leaders and sustainability experts—including representatives from the World Bank, World Gold Council, United Nations, African Union, and ECOWAS—will discuss ways to enhance responsible mining, improve community engagement, and create high-return investments that benefit both local and global economies.

The government’s commitment to sustainable mining is evident in the newly established Gold Board, which aims to maximize revenue from ASGM while ensuring responsible resource management and value addition.

Expanding Ghana’s Mining Footprint

According to Deloitte, Ghana’s gold production is expected to increase by 3% in 2025, further solidifying the country’s standing as a major gold exporter. The mining sector is projected to contribute significantly to Ghana’s 1.5% GDP growth in 2025, as forecasted by the International Monetary Fund (IMF).

The expansion of large-scale mining projects also underscores the sector’s growing momentum. Among the major developments set to launch in 2025 and 2026 are:

• Cardinal Namdini Mine – Expected to produce 358,000 ounces of gold per year
• Ahafo North Project – Targeting 325,000 ounces annually
• Black Volta Gold Project – Aiming for 163,000 ounces per year

These projects, backed by government partnerships with global exploration and production firms, are critical to maintaining Ghana’s competitive edge in the international mining market.

Collaborating for a Sustainable Future

The Mining in Motion Summit will provide a platform for industry collaboration, focusing on synergies between large-scale mining companies and ASGM operators. This collaboration is essential to fostering a responsible and inclusive mining industry that benefits local communities while maintaining global competitiveness.

H.E. John Dramani Mahama, President of Ghana, will highlight the country’s socioeconomic vision for the mining sector, emphasizing the role of sustainability in long-term industry success. Additionally, Otumfuo Nana Osei Tutu II, King of the Ashanti Kingdom, will discuss the importance of traditional leadership in shaping Ghana’s ASGM sector.