The Ghana Chamber of Mines has forecast a strong increase in mineral production for 2025, led by a projected gold output of between 4.4 million and 5.1 million ounces.

The outlook reflects continued performance from key producers—including Gold Fields’ Tarkwa and Damang mines, Zijin Mining’s Akyem mine, and Perseus Mining’s Edikan Mine—as well as new contributions from Newmont’s Ahafo North Mine and Shandong Gold’s Namdini Mine, both set to begin production next year.

Other minerals are also expected to post gains. Manganese output is projected to reach 8 million tonnes, while bauxite production could hit 2 million tonnes. Diamond production may rise to 400,000 carats, although potential declines in some areas could affect the final tally.

However, growth in the small-scale gold mining sector remains uncertain. Production from this segment is expected to range between 1.5 million and 2.0 million ounces, depending on the impact of policy changes and global gold prices.

A key development shaping the sector in 2025 is the government’s transformation of the Precious Minerals Marketing Company (PMMC) into the Ghana Gold Board (GoldBod). The new agency, with expanded powers to set local gold prices, is expected to introduce pricing reforms that could have a significant effect particularly on the price-sensitive small-scale mining industry.

The Chamber noted that while the outlook is positive overall, success will hinge on stable policy implementation and favourable global market conditions.