Ghana’s gold production is projected to hit over 5 million ounces, according to the Ghana Chamber of Mines.

The outlook follows a strong recovery in 2023, when Ghana reclaimed its position as Africa’s top gold producer.

Domestic output rose by 32% to 3.7 million ounces, up from 2.8 million ounces in 2021.

Acting CEO of the Chamber, Ahmed Dasana Nantogmah, said the Chamber fully supports strategic initiatives aimed at boosting foreign exchange earnings, including the government’s, Goldbod, enhance macroeconomic stability.

“In terms of function, whatever they said Goldbod will do, looks good on paper and we as a chamber even has a representation on the board so we hope to work with them to make mining more sustainable. Because a lot of gold (about 40%) comes from the small scale mining sector and it will shore up our foreign exchange earnings,” he said.

“For projections we are looking at in excess of 5 million ounces in 2025” he added.

He was speaking on the sidelines of the 2025 West African Mining and Power Expo in Accra.

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