The Ghana Chamber of Mines has projected a significant rise in mineral production for 2025, primarily driven by an anticipated gold output ranging from 4.4 million to 5.1 million ounces.
This forecast indicates sustained performance from major producers, including Gold Fields’ Tarkwa and Damang mines, Zijin Mining’s Akyem mine, and Perseus Mining’s Edikan Mine. New contributions from Newmont’s Ahafo North Mine and Shandong Gold’s Namdini Mine, both of which are scheduled to commence production next year, also contribute to the forecast.
Additionally, other minerals are expected to experience increases. Manganese production is anticipated to reach 8 million tonnes, while bauxite output could achieve 2 million tonnes. Diamond production may rise to 400,000 carats, although potential declines in certain regions could impact the final figures.
Nevertheless, the growth of the small-scale gold mining sector remains uncertain. Production from this segment is projected to be between 1.5 million and 2.0 million ounces, contingent upon the effects of policy changes and global gold prices.
A significant development influencing the sector in 2025 is the government’s reformation of the Precious Minerals Marketing Company (PMMC) into the Ghana Gold Board (GoldBod). This new agency, endowed with enhanced authority to establish local gold prices, is expected to implement pricing reforms that could substantially impact the price-sensitive small-scale mining sector.
The Chamber emphasized that while the overall outlook is optimistic, achieving success will depend on the consistent implementation of policies and favorable conditions in the global market.
