Ghana’s gold production is projected to rise marginally by 3% to 136 tonnes in 2025 from an estimated 132 tonnes in 2024.

According to Deloitte, the higher gold output will emanate from a US$525 million production expansion plan at the Asante Gold’s Bibiani and Chirano mines, and the start of production at the Ahafo North gold mine.

In 2023, the national produced 128 tonnes of gold

Deloitte added in its West Africa in Focus Report that a higher gold production coupled with a stronger price of gold in the international market will spur increased gold receipts for the country.

Gold prices are projected to rise further in 2025 due to the adoption of a more accommodative monetary policy by developed economies like the United States and the United Kingdom.

This is because safe haven assets like gold are more attractive in a declining interest rate environment.

Meanwhile, Ghana’s cocoa exports, the second largest export, will continue to face challenges stemming from the spread of the swollen shoot virus, adverse weather conditions, smuggling and global commodity price volatility.

The cocoa production for the 2025/2026 crop season is estimated at 527,000 tonnes, higher than the 2024/2025 season estimate of 500,000 tonnes.Joy