Ghana’s gold production to rise marginally by 3% in 2025 – Deloitte

Ghana's gold production is expected to experience a marginal increase of 3% in 2025, according to a report by Deloitte. This growth will bring the country's total gold production to 136 tonnes, up from an estimated 132 tonnes in 2024.

The anticipated increase in gold production is largely attributed to a significant expansion project at Asante Gold's Bibiani and Chirano mines. The project, valued at $525 million, is expected to contribute significantly to Ghana's gold output.

Additionally, the start of production at the Ahafo North gold mine is also expected to boost Ghana's gold production in 2025. This new mine is anticipated to become a significant contributor to the country's gold output in the coming years.

Ghana's gold production has been steadily increasing over the years, with the country producing 128 tonnes of gold in 2023. This increase has solidified Ghana's position as Africa's leading gold producer.

The anticipated increase in gold production is expected to have a positive impact on Ghana's economy. Higher gold output, combined with firming international gold prices, is expected to provide a significant boost to the country's export revenues.

Gold prices are expected to strengthen further in 2025, driven by looser monetary policy in advanced economies such as the United States and the United Kingdom. This could lead to increased demand for gold, potentially driving prices higher.

The growth in Ghana's gold production is a testament to the country's rich mineral resources and its potential for economic growth. As the country continues to invest in its mining sector, it is likely that gold production will continue to increase in the coming years.

Overall, the anticipated increase in Ghana's gold production is a positive development for the country's economy. With gold prices expected to remain firm, Ghana is well-positioned to benefit from its rich gold resources and continue to grow its economy.