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Ghana gold output could rise 6.25% to 5.1 million ounces in 2025 - REUTERS
Emmanuel Bruce and Maxwell Akalaare Adombila
ACCRA, May 30 (Reuters) – Ghana’s gold production could increase by around 6.25% to approximately 5.1 million ounces in 2025, up from last year’s record output of 4.8 million ounces, the Chamber of Mines in Africa’s top gold-producing nation said on Friday.
High output has been driven by strong production from artisanal mining and the introduction of new large-scale operations, counteracting a decline at the country’s aging mines.
The 2025 forecast published in the chamber’s annual report follows Ghana’s stronger-than-expected performance in 2024, when total gold output surged 19.3%, cementing its position as Africa’s top gold producer, ahead of South Africa and Mali.
The surging prices of the precious metal have increased Ghana’s export revenue and strengthened its cedi currency, boosting the West African cocoa and oil exporter’s recovery from its worst economic crisis in a generation.
(Reporting by Emmanuel Bruce and Maxwell Akalaare Adombila; Editing by Robbie Corey-Boulet)
