… The Outgone President of the Ghana Chamber of Mines (GCM), Mr Michael Edem Akafia, disclosed this at the Chamber’s 98th Annual General Meeting held in Accra last Friday, however, the target would depend largely on policy certainty, regulatory reforms, timely renewal of mining lea …
… Attakumah was elected at the Chamber’s 98th Annual General Meeting (AGM), where he succeeded Mr Michael Edem Akafia, Vice President for External Affairs at Gold Fields, who completed a two-year term marked by major policy engagements and developments within the mining sector. …
… Addressing stakeholders at the Ghana Chamber of Mines’ 98th annual general meeting (AGM) in Accra, outgoing chamber president Michael Edem Akafia said the country recorded broad-based growth across its traditional minerals in 2025 – with the most notable gains occurring in gold p …
… Outgoing President of the Ghana Chamber of Mines, Michael Edem Akafia, emphasised that sustainable progress in the mining sector depends on strong collaboration among government, industry players, communities, and regulators. …
… Outgoing President of the Ghana Chamber of Mines, Michael Edem Akafia, emphasised that sustainable progress in the mining sector depends on strong collaboration among government, industry players, communities, and regulators. …
… Speaking at the 98th Ghana Chamber of Mines annual general meeting in Accra over the weekend, Mr Michael Edem Akafia, the immediate past President of the Chamber said total mining revenue grew from GHS21.90 billion to GHS24.22bn, a 10.61 per cent increase. …
… Presenting the Chamber’s 2025 performance report, the immediate past President, Michael Edem Akafia, said Ghana recorded significant growth in mineral production, particularly gold, during the year under review. …
… Speaking at the 2026 West African Mining and Power Expo (WAMPEX), Chamber President Mr Michael Edem Akafia and CEO Dr Kenneth Ashigbey said data shows the informal mining sector accounted for about 52% of Ghana’s gold output in 2025. …
Ghana's mining industry is projected to record higher mineral output in 2026, with large-scale gold production expected between 3.2 and 3.4 million ounces and small-scale miners forecast to produce between 2.9 and 3.5 million ounces, pending policy certainty and regulatory reforms. The Ghana Chamber of Mines noted that the sector remains a strong economic pillar, with attributable gold production rising 23.41 per cent to 5.94 million ounces in 2025, largely driven by small-scale mining's 63.82 per cent surge.
Why it matters
Ghana's mining output projected to strengthen in 2026 with gold production expected at 3.2–3.4 million ounces; sector remains an economic pillar after strong 23.41% growth in 2025.
Ghana's mining industry is projected to record higher mineral output in 2026, with large-scale gold production expected between 3.2 and 3.4 million ounces and small-scale miners forecast to produce between 2.9 and 3.5 million ounces, pending policy certainty and regulatory reforms. The Ghana Chamber of Mines noted that the sector remains a strong economic pillar, with attributable gold production rising 23.41 per cent to 5.94 million ounces in 2025, largely driven by small-scale mining's 63.82 per cent surge.
Ing. Frederick Attakumah, Executive Vice President of Asante Gold Corporation, has been elected President of the Ghana Chamber of Mines at its 98th Annual General Meeting. He pledged to increase gold production, deepen local value creation, and strengthen sustainable mining practices through stakeholder collaboration.
The Ghana Chamber of Mines forecasts 2026 gold production of between 6.1 and 6.9 million ounces, with large-scale output projected at 3.2–3.4 million ounces and small-scale at 2.9–3.5 million ounces. Small-scale mining output overtook large-scale producers for the first time in more than a century in 2025, when attributable gold output increased 23.41 percent to 5.94 million ounces.
Ghana's large-scale mining sector contributed over GH¢22.22 billion in revenue to the economy in 2025 and provided over 13,819 direct jobs, according to the Chamber of Mines CEO. The industry also recorded US$4.20 billion in local procurement spending and spent US$88.60 million on community development initiatives.
Ghana's large-scale mining sector contributed over GH¢22.22 billion in revenue to the economy and provided over 13,819 direct jobs in 2025, despite global and domestic challenges, according to the Chamber of Mines. The industry also recorded local procurement spending of US$4.20 billion and spent US$88.60 million on community development initiatives.
Ghana's gold production rose 23.41 per cent in 2025 to 5.94 million ounces, driven by small-scale mining output doubling to 3.11 million ounces, while large-scale production declined 2.98 per cent to 2.83 million ounces. Mining revenue grew 10.61 per cent to GHS24.22 billion.
The Minister of Lands and Natural Resources announced that the government is implementing regulatory reforms to accelerate mining sector growth and strengthen Ghana's position in West Africa. The review of the Minerals and Mining Act and National Mining Policy is at an advanced stage and will soon be submitted to Parliament, with reforms aimed at improving regulatory efficiency, enhancing environmental protection, and increasing community participation.
The Ghana Chamber of Mines reports that the artisanal and small-scale mining sector accounted for about 52% of Ghana's gold output in 2025 but contributes less than 2% of the sector's tax revenue. Chamber officials attributed the low tax contribution to the sector's largely informal operations and called for stronger measures to bring more ASM operators into the formal economy.
The Ghana Chamber of Mines reports that the artisanal and small-scale mining sector accounted for about 52% of Ghana's gold output in 2025, but contributes less than 2% of the sector's tax revenue to the state. The Chamber attributes the low tax contribution to the sector's largely informal operations and calls for stronger measures to formalize ASM operators and improve revenue collection.