Ghana's gold production saw an 8.3 percent increase, reaching 4 million ounces in 2023, up from 3.7 million ounces the previous year, as reported by the Ghana Chamber of Mines.

This rise was largely due to a surge in output from small-scale miners, which offset the decline in production from the large-scale sector.

This achievement represents the highest gold production level for Ghana since the COVID-19 pandemic began.

In the large-scale sector, gold output dropped from 3.1 million ounces in 2022 to 2.9 million ounces in 2023, marking a 4.9 percent decrease.

Conversely, the small-scale sector experienced a significant growth of 70.6 percent, increasing from 0.66 million ounces to 1.1 million ounces during the same period.

Looking ahead to 2024, gold production is expected to rise to between 4.3 and 4.5 million ounces, with new projects such as Newmont’s Ahafo North and Cardinal Resource’s Namdini Gold Mine playing a key role in this growth.

Additionally, manganese production is projected to increase to 5 million tonnes, bauxite output is expected to range between 1.2 million and 1.5 million tonnes, and diamond exports are anticipated to reach between 220,000 and 250,000 carats.