By Ghana News 
Ghana has reached a significant economic milestone with a record-breaking surge in gold production. The national output climbed by 23.41 per cent in 2025, rising from 4.82 million ounces to an impressive 5.94 million ounces.
This remarkable growth stems primarily from a massive expansion in the small-scale mining sector. Production from small-scale operations jumped by 63.82 per cent, moving from 1.90 million ounces in 2024 to 3.11 million ounces in 2025.
Reforms such as the establishment of the Ghana Gold Board played a central role in this success. Small-scale mining now accounts for 52.4 per cent of the national output, signaling a major shift in the industry landscape.
Conversely, the large-scale mining sector experienced a slight decline. Output dropped by 2.98 per cent, falling from 2.92 million ounces to 2.83 million ounces, which reduced its overall share of national production to 47.6 per cent.
Consider these critical insights regarding the current performance and economic impact of Ghana’s mining sector:
- Total mining revenue increased significantly from GHS 21.90 billion to GHS 24.22 billion, representing a 10.61 per cent growth.
- Gold’s contribution to the national Gross Domestic Product climbed from 7.97 per cent in 2024 to 9.98 per cent in 2025, cementing its status as the largest economic sub-sector.
- Employment within the sector saw a healthy boost, with direct workforce numbers rising by 21.52 per cent to 13,819 employees in 2025.
- This direct employment supports an estimated 207,285 indirect and induced jobs across the country through positive economic multiplier effects.
- Future production outlooks for 2026 remain optimistic, with total output projected to stay strong across both large and small-scale operations, provided that regulatory reforms continue.
Despite the growth, the Chamber of Mines has raised concerns regarding the national fiscal regime. The current effective tax burden on mining companies is expected to hit between 54 and 58 per cent.
Industry leaders warn that such high tax levels could impact future investment and exploration efforts. They continue to call for a holistic review of these policies to maintain Ghana’s global competitiveness.
The government remains committed to balancing these fiscal needs with long-term socioeconomic benefits. Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah noted that ongoing reviews of the Minerals and Mining Act aim to improve transparency and regulatory efficiency.
Ultimately, the mining sector continues to act as the heartbeat of the national economy. Through continued collaboration between stakeholders and the government, Ghana seeks to maximize mineral wealth for both present and future generations.
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Source: ghananewspage.com