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Why Ghana’s gold boom faces a policy test

By Editor TO·
Gold Nigeria

Gold Nigeria

Ghana posted a record-breaking 6 million ounces of gold production in 2025, driven largely by a surge in artisanal and small-scale mining, according to the Ghana Chamber of Mines. While large-scale output remained flat, higher gold prices and reforms helped pull informal supply into official channels. However, industry leaders warned at South Africa’s Mining Indaba that the country’s proposed sliding-scale royalties of 5% to 12% could derail 2026 growth. In particular, miners warn that the new regime, tied to gold prices, may squeeze cash flow and kill projects before they start, potentially shelving expansions at AngloGold Ashanti’s Obuasi mine and Perseus Mining’s Edikan operation.

CNBC Africa