ACCRA, GHANA – Ghana’s mining sector generated US7.1billion in mineral revenue in 2024, with a significant Portion–US4.9 billion – repatriated to the country through the Bank of Ghana and commercial banks, according to the Ghana Chamber of Mines.
This figure represents 70.8% of the total earnings from the Chamber’s producing member companies, underscoring the sector’s crucial role in the nation’s economy.
The mining sector’s contribution to the Ghanaian government’s revenue also saw a substantial increase, reaching GH¢17.7 billion (approximately US2.1billion) in 2024.This marks a 51.211.9 billion.
This surpassed the combined export earnings from crude oil (US3.9billion) and cocoa (US1.9 billion), as well as inward remittances (US$6.7 billion). According to the Bank of Ghana, the sector was responsible for 58.4% of gross merchandise export earnings in 2024, highlighting its central role in Ghana’s external trade performance.
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