Ghana has maintained its position as Africa’s leading gold producer, with an output of about 4.8 million ounces in 2024, according to the President of the Ghana Chamber of Mines, Michael Edem Akafia.
Speaking on Joy News’ PM Express Business Edition on Thursday, Akafia said the country continues to dominate Africa’s gold production while maintaining strong visibility on the global market.
“In terms of performance globally, Ghana is still holding its place as the largest gold producer on the continent, and that is a major positive,” he noted.
However, he cautioned that the glowing figures hide key challenges facing the sector. “When you look beyond the headlines, there are still issues of concern. Ghana must continue positioning itself as a model for the mining industry, given its maturity and established structures,” he said.
Akafia pointed out that small-scale mining played a major role in last year’s boost, with production jumping from 1.1 million ounces in 2023 to 1.9 million ounces in 2024. Large-scale mining, by contrast, remained steady at around 2.9 million ounces.
He further indicated that while Ghana’s dominance in gold mining remains intact, proposed reforms to the country’s mining laws have raised uncertainty among industry players. Nonetheless, he emphasized the need for Ghana to consolidate its gains and strengthen its standing as a global mining hub.
Member of Parliament for Bimbilla, Dominic Nitiwul, has dismissed a circulating video in which he… Read More
The government has unveiled a major overhaul of the National Health Insurance Scheme (NHIS), announcing… Read More
The Asantehene, Otumfuo Osei Tutu II, is expected to present a comprehensive report to President… Read More
The High Court in Accra has discharged Gregory Afoko and his co-accused, Asabke Alangdi, who… Read More
The Member of Parliament for the Kpandai Constituency, Mathew Nyindam, has filed an application at… Read More
The Parliamentary Committee on Sanitation and Water Resources of Ghana, led by the Member of… Read More