Ghana achieves record gold production of 6 million ounces in 2025

Ghana reached a record 6 million ounces of gold in 2025 led by small-scale mines. Industry experts now warn that new royalty taxes could stall 2026 production growth.

Insights:
Ghana GHGH produced a record 6 million ounces of gold in 2025 according to provisional data released as of February 12, 2026. This historic output was driven largely by a surge in artisanal and small-scale mining (ASM), which contributed approximately 3.1 million ounces. Large-scale mining operations accounted for the remaining 2.9 million ounces of the annual total.
A view of smelted gold bars at a smelting facility in Accra, Ghana, on August 22, 2024. REUTERS/Francis Kokoroko
A view of smelted gold bars at a smelting facility in Accra, Ghana, on August 22, 2024. REUTERS/Francis Kokoroko
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