Vice President Professor Jane Nana Opoku-Agyemang stated on Thursday that the country’s GDP in 2024 benefited from $88.1 billion from the gold sector.
She said that as of August 2025, the industry had contributed $11.2 billion to the GDP and that gold has influenced the history, communities, and economics of the country.
This was revealed by the vice president during the opening of the Newmont Ahafo North Mine in the Ahafo Region’s Tano North Municipality at Afrispakrom.
Ghana is currently the sixth-biggest producer of gold in the world and the greatest in Africa, according to Prof. Opoku-Agyemang, who said that the inauguration of the Newmont Ahafo North Mine was an act of cooperation and advancement.
She praised Newmont for supporting the government’s “Big Push” road infrastructure goal and saw that the company’s beneficial impact on the nation had persisted for almost thirty years.
The vice president stated that the government was very grateful to the corporation for reconfiguring the 46-kilometer Sunyani-Atronie highway and hoped the company would continue to contribute to the improvement of the country’s road systems.
She stated that over $1 billion had been invested in the Ahafo North Mine with the hope that it would improve socioeconomic livelihoods, boost local economic growth and development, and give more work possibilities to the inhabitants.
“The project was achieved through dialogue and compromise of the maturity of leaders,” the vice president added, praising Asantehene Otumfuo Osei Tutu II for fostering harmony among stakeholders.
According to Mr Tom Palmer, the CEO of Newmont, the Ahafo North Mine was a substantial financial investment in Ghana that would help the country’s economy grow forward and open doors for suppliers and companies alike.
He emphasised Newmont’s dedication to ethical mining methods, safeguarding the environment while simultaneously generating value and enhancing the socioeconomic conditions of the nearby communities while placing a high priority on safety.
According to Lands and Natural Resources Minister Mr. Emmanuel Kofi Armah-Buah, ethical mining was essential to environmental sustainability.
He conveyed the hope that in order to strengthen the cordial ties between Ghana and Newmont, the mine would rigorously follow responsible mining standards.
He asserted that mining continued to be a shining example of good stewardship, requiring the necessary cooperation from all parties involved.
Source: newsthemegh.com