Ghana’s artisanal and small-scale gold mining sector is vital to its economy, generating over $5 billion in 2024 and supporting millions of jobs. Discussions will focus on responsible mining practices as the government commits to sustainable mining through the Gold Board. Ghana’s gold production is projected to rise by 3% in 2025, and significant mining projects are set to launch soon, affirming the country’s competitive global position.
Ghana’s mining sector, particularly artisanal and small-scale gold mining (ASGM), is integral to the nation’s economic landscape. In 2024, ASGM is projected to generate over $5 billion in export revenue, which represents 35% of Ghana’s total gold production. This sector directly supports more than 1 million jobs and indirectly influences approximately 4 million others, underscoring its significance as an employment catalyst.
To fully exploit its mining potential, Ghana will host discussions among industry leaders and sustainability experts, including representatives from renowned organizations such as the World Bank and the World Gold Council. These talks will focus on enhancing responsible mining practices, engaging local communities, and establishing high-return investments that serve both local and global economies.
The government underscores its dedication to sustainable mining through the newly established Gold Board, aimed at optimizing revenue from ASGM while ensuring responsible resource management and adding value to the sector.
Additionally, Deloitte has indicated that Ghana’s gold production is anticipated to grow by 3% in 2025, reinforcing the country’s position as a leading gold exporter. The mining sector is also expected to substantially contribute to Ghana’s GDP growth forecast of 1.5% in 2025, according to the International Monetary Fund (IMF).
The emergence of large-scale mining projects serves as a testament to the sector’s vibrant development. Notably, several major projects are slated to commence in 2025 and 2026, supported by government partnerships with international exploration and production firms, essential for maintaining Ghana’s competitiveness in the global mining arena.
The upcoming Mining in Motion Summit will serve as a collaborative forum for the mining industry, focusing on creating synergies between large-scale mining companies and ASGM operators. This cooperation is vital in building an inclusive and responsible mining sector that benefits local communities while remaining competitive globally.
H.E. John Dramani Mahama, President of Ghana, is expected to articulate the country’s socioeconomic vision for its mining industry, with a strong emphasis on sustainability as a cornerstone for achieving long-term success. Furthermore, Otumfuo Nana Osei Tutu II, King of the Ashanti Kingdom, will address the influence of traditional leadership in guiding Ghana’s ASGM sector.
In summary, Ghana’s gold industry is on a promising trajectory, with the ASGM sector significantly contributing to economic output and employment. Discussions led by prominent industry figures will seek to enhance responsible mining practices and community engagement, while government initiatives aim to ensure sustainable management of resources. The anticipated growth in gold production and the launch of major mining projects affirm Ghana’s standing in the global mining industry, underscoring the importance of collaboration and sustainable practices for future success.
Original Source: environmentenergyleader.com
