The Vice President of Ghana, Professor Naana Jane Opoku-Agyemang, has disclosed that the country’s gold industry contributed an impressive GH¢88.1 billion to the national Gross Domestic Product (GDP) in 2024, underscoring the sector’s pivotal role in driving economic growth.
Speaking at the inauguration of the Ahafo North Gold Mine in the Ahafo Region, the Vice President commended the mining sector for its significant contribution to job creation, foreign exchange earnings, and community development. She noted that the figure reflects the industry’s continued resilience despite global economic challenges.
“The gold industry remains one of the strongest pillars of Ghana’s economy. In 2024 alone, it contributed GH¢88.1 billion to our GDP, while exports from the sector reached US$11.2 billion as of August 2025,” she said.
Professor Opoku-Agyemang attributed the performance to the government’s reforms aimed at ensuring transparency, sustainable mining, and increased local participation. She emphasized that the government’s focus is not only on maximizing revenue but also on ensuring that mining benefits the communities where operations take place.
She highlighted ongoing initiatives such as the formalization of small-scale mining, investment in mineral processing, and the establishment of community development funds to improve education, health, and infrastructure in mining areas.
Industry experts say the latest figures confirm Ghana’s position as Africa’s leading gold producer and one of the top ten globally. The country produced over 4.5 million ounces of gold in 2024, contributing significantly to export earnings and fiscal revenue.
The Vice President assured that the government remains committed to promoting responsible mining practices and strengthening local content to ensure that more Ghanaians benefit from the nation’s natural resources.
The inauguration of the Ahafo North Mine, operated by Newmont Ghana, is expected to further enhance Ghana’s gold output and create thousands of direct and indirect jobs.
