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Ghana is strategically positioning itself as a hub for responsible and sustainable gold mining, forging powerful alliances with international partners to elevate its small-scale gold mining (ASGM) sector and refine its entire gold value chain. This ambitious drive, aimed at boosting socioeconomic development, is set to reach a crescendo at the inaugural Mining in Motion Summit in Accra, scheduled for June 2025.
Spearheaded by the Ashanti Green Initiative, under the patronage of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, the summit, in collaboration with the World Bank and the World Gold Council, will draw together key players from Ghana’s ASGM sector, major mining corporations, and global investors. The aim is to establish best practices and foster collaboration, recognizing the ASGM sector’s significant contribution to Ghana’s economy – a staggering $5 billion in export revenue and employment for over a million people in 2024 alone.
The Ghanaian government is actively leveraging global partnerships to formalize and enhance the ASGM sector. The Ghana Landscape Restoration and Small-Scale Mining Project, in partnership with the World Bank, is empowering District Mining Committees, recognizing the sector’s vital role in job creation and economic growth.
Moreover, Ghana is actively pursuing value addition through strategic partnerships. The Royal Ghana Gold Refinery, a joint venture between Ghana’s Central Bank and India’s Rosy Royal Minerals, launched in August 2024, presents a transformative opportunity for the ASGM industry, enabling greater contributions to GDP growth through value-added gold products. The Minerals Income Investment Fund of Ghana’s partnership with South Africa’s Mintek, announced in November 2024, is further bolstering the technical expertise of local miners.
Ghana’s industrial mining sector is also experiencing a surge in international cooperation, with new projects poised to significantly increase gold production. Cardinal Resources’ Namdini Mine, set to launch in mid-2025, will add 358,000 ounces to Ghana’s output, while Newmont’s Ahafo North Project will contribute an additional 325,000 ounces in the latter half of the year.
Canadian mining firm Asante Gold is also preparing to select a contractor for its Bibiani Mine Expansion Project in Q3 2025. The UAE, a major trading partner, accounting for 40% of Ghana’s gold exports in 2024, continues to play a pivotal role in the sector’s expansion. UAE-based Emiral Resources Limited, Asante Gold’s majority shareholder, is investing heavily in new mines and the modernization of existing facilities, underpinned by a $525 million expansion strategy.
Mining in Motion 2025 is poised to serve as a catalyst for further collaboration, providing a platform for deal signings and strategic partnerships to promote responsible and sustainable gold mining. The event will feature high-level panel discussions and exhibitions, drawing prominent figures such as Otumfuo Osei Tutu II, King of the Ashanti Kingdom, and President John Dramani Mahama, alongside representatives from the United Nations, African Union, and ECOWAS, showcasing the lucrative investment opportunities within Ghana’s burgeoning gold mining sector. The summit seeks to solidify Ghana’s position as a leading force in responsible gold production, driving economic growth and sustainable development across the nation.
