Home News Ghana’s Gold Industry Contributes GH¢88.1 Billion to GDP in 2024

Ghana’s Gold Industry Contributes GH¢88.1 Billion to GDP in 2024

Ghana

The government has revealed that Ghana’s gold industry added GH¢88.1 billion to the national Gross Domestic Product (GDP) in 2024, with gold exports reaching a record US$11.2 billion as of August 2025.

Vice President Professor Naana Jane Opoku-Agyemang announced this during the inauguration of the Newmont Ahafo North Mine on Thursday, October 30, 2025.

She said the mining sector continues to play a vital role in Ghana’s economy, driving job creation, revenue generation, and investment growth. “The opening of the Ahafo North Mine is an act of partnership and progress the result of mutual respect and collaboration,” she stated.

According to her, the strong performance of the gold sector reflects investor confidence and national stability. “Last year, Ghana’s gold industry contributed GH¢88.1 billion to our GDP. This year, gold exports have already reached US$11.2 billion. These figures demonstrate and inspire more confidence in our economy and governance,” she added.

Professor Opoku-Agyemang described the over US$1 billion investment in the Ahafo North Mine as proof of Ghana’s attractiveness to major global investors. She noted that the project will enhance national revenue while creating jobs and promoting community development in the Ahafo Region and beyond.