Ghana Ranks as 6th Largest Gold Producer Worldwide and 1st in Africa

The West African nation of Ghana has cemented its position as a global gold powerhouse: it is now the 6th-largest gold producing country in the world, and the number one gold producer on the African continent. 

Key Facts & Figures

Ghana “held its position as the largest gold producer in Africa” according to recent industry analysis.  According to one source, Ghana produces around 130,000 kg of gold per year (≈130 tonnes) in recent years.  The market-data site “BullionByPost” lists Ghana in 6th place globally with production around 129.2 tonnes.  Major gold-mines and gold-belts in Ghana, such as the Obuasi Gold Mine and the Tarkwa Gold Mine, underscore the country’s deep reserves and long mining history. 

Why This Matters

Economic significance: Gold mining is a core pillar of Ghana’s economy, contributing to export earnings and foreign exchange inflows.  Strategic positioning: As Africa’s top gold producer, Ghana is increasingly seen as a destination for investment in mining and related infrastructure. Resource leverage: Being 6th globally gives Ghana a stronger voice in the global gold supply chain and more room to negotiate mining contracts, exports, royalties and regulation.

Challenges & Considerations

Informal mining and smuggling: While production is high, informal and artisanal mining (“galamsey”) remains a critical issue, affecting official figures, revenue collection and environmental outcomes.  Reserve vs production clarity: Many of the publicly-cited rankings reference gold production rather than quantified deposit size or reserves. The statement “largest gold deposits” may require nuance: it’s production that puts Ghana in 6th place globally. Sustainability & value capture: High production is one thing; capturing full value (from mining, refining, value-added, local employment) is another. Ghana will need to continue strengthening governance, transparency and local benefit.

Outlook

Ghana is projected to increase its gold output further — for example, estimated to rise to about 5.1 million ounces (~158 tonnes) in 2025.  With this trend, the country is not only reinforcing its status but also opening up new opportunities for growth, investment, and regional leadership in the gold sector.