Top Reasons to Invest in Ghana’s Mining Industry
Ghana’s mining industry is the main driver of economic growth – GDP forecast to reach 1.5% by 2025 (https://apo-opa.co/4klb6s7) – Driven by the expansion of opportunities within the industry. Ghana is a stable political and business environment, coupled with new mineral reserves and a good mining ecosystem, and is an attractive investment destination for mining institutions around the world. The upcoming sports summit will be held in Accra from June 2-4, and will further highlight lucrative investment opportunities, connecting Ghana’s stakeholders with international financiers and technology providers to enhance collaboration in the mining value chain.
Rich mineral resources
Ghana leads Africa in gold production and ranks sixth in the world. In 2024 alone, hand-made miners contributed more than $5 billion in foreign exchange revenue, highlighting the huge potential of Ghana’s gold industry. Ongoing industrial-scale projects such as Goldstone’s Homese mine expansion, Cardinal Namdini mine and Newmont’s Ahafo North project continue to expand investment opportunities in the gold industry. Apart from gold, Ghana is the world’s fourth largest manganese producer, offering attractive prospects for investors seeking exposure to high-value minerals. The country’s unexplored reserves of lithium, iron ore and bauxite also offer great growth potential as demand for these minerals expands due to energy transitions.
Strong, investor-friendly regulatory framework
Ghana has introduced incentives, including as tax relief, customs exemption and foreign ownership, attracting a large amount of FDI. Atlantic Lithium, for example, received $6.7 million to accelerate the Ewoyaa lithium project, while Asante Gold promised $525 million to expand its Bibiani and Chirano mines. Policies such as Green Mining Policy (2023) simplify entries for key mineral investors, while Equipment Tracking Regulations (2020) simplify the procurement and transportation process of equipment for mining projects.
Skilled labor availability
Ghana’s mining history has cultivated a highly skilled workforce that makes it easier for international investors to recruit trained personnel to operate. Partnerships with global institutions, including the World Bank, led to initiatives such as Ghana Landscape Restoration and Small-Scale Mining Projects, which give miners a modern, sustainable practice. In addition, programs focusing on apprenticeship, mentoring and capacity building continue to improve local workforce. Anglogold Ashanti graduated 1,010 apprentices in October 2023 and added 140 in February 2024 to support local content development in Ghana.
Infrastructure ready
Ghana’s infrastructure preparation further enhances its appeal as a mining investment hub. Recent developments include the inauguration of the Royal Ghana Refinery in Accra in August 2024, which allows local gold processing by selling refined gold, simplifying operations and increasing export revenue. The Ministry of Land and Natural Resources has partnered with testing lab company Intertek to launch a new testing lab (https://apo-opa.co/3feepmx) in Tarkwa, 2023. The laboratory provides faster mineral sample analysis for more than 500 exploration projects and 23 large-scale operations. In addition, the continued modernization of the ports of Tema and Takoradi improves export logistics, thus ensuring that Ghana’s minerals reach the international market efficiently.
Amid these investor-friendly conditions established by Ghana, the movement in mining will further reveal emerging and lucrative opportunities for the mining sector in West African countries. The summit will serve as a platform to connect stakeholders, promote partnerships, and facilitate transaction signing that drives growth and investment.
Please stay informed of the latest advancements, connect with industry leaders, and have key discussions on key issues affecting ASGM and medium-scale mining. Secure your location at the Mining 2025 Summit by visiting www.mininginmotionsummit.com. For sponsorship opportunities or delegation participation, please contact sales@ashantigreenitiative.org.
Distribution by Apo Group on behalf of energy capital and power.
About the Ashanti Green Initiative:
The Ashanti Green Initiative is a foundation dedicated to promoting environmental restoration, advocating climate-related issues, and promoting community development in Ghana and elsewhere. With a commitment to sustainability, the Foundation has undertaken projects aimed at restoring degraded land, restoring water bodies and promoting responsible natural resource management. The initiative also advocates for regenerative practices in mining, agriculture and energy, aligning with global efforts to combat climate change while encouraging local communities through education, capacity building and economic empowerment programs. The Ashanti Green Initiative was led by Nana Kwaku Duah, son of King Otumfuo Osei Tutu II of the Ashanti Kingdom. Under his leadership, the Foundation has adopted forward-looking approaches and innovative solutions to build influential partnerships with local and international stakeholders to drive meaningful change.
About Energy Capital and Power:
Energy Capital & Electricity is a leading global investment platform focused on Africa for the mining and mining sectors. Through a range of activities, online content and investment reports, we unite the entire energy and mining value chain (from oil and gas exploration to renewable energy) and promote investment and collaboration around the world and within Africa.
