The Impact of Mining and Quarrying on Ghana’s Economy

For most of Ghana’s history, the mining and quarrying industry has had a significant impact on its economy as well as shaped the country’s socioeconomic and cultural progress. 

Ghana’s economy is expected to rise at an annual growth rate of 5.9% in 2016, supported significantly by the growth of its mining sector. Despite an unstable global market, Ghana’s economy and mining sector have had a praiseworthy recovery over the past several years with an average annual growth rate of about 6.9% and 8% respectively.1

Figure 1 illustrates that mining and quarrying production has increased at an average growth rate of 8% from 2009 to 2015. Total value-added production has increased from GHc 181.7 million (R683 million) in Q1 2009 to GHc 2056.5 million (R7 billion) in Q1 2015. If this production trend in Ghana continues, it is expected that total value-added production would reach approximately GHc 3016 million (~R11 billion) by 2016.

Mining Analytix is pleased to announce the release of the very first “Mining Analytix Report: Mining in Ghana 2016”. The report that provides an in-depth and strategic insight into the structure of mining activities across Ghana. Key findings of the report offered by Mining Analytix provide essential information for anyone seeking to gain a better understanding of the market. 

For more information on the mining industry of Ghana, please visit the Mining Analytix Reports page by clicking here

About Mining Analytix 

Mining Analytix, the research division of African Mining, is a proudly South African market research company that conducts structural research to deliver holistic insights into the African mining industry. Mining Analytix also conducts integrated research in order to deliver a 360° view of the mining industry, with a specific focus on the African continent.

Standard Country and Commodity Reports are available online as well as a subscription service to our database of mining activity across Africa. Mining Analytix Reports are the most dependable source of mining information available for the region. The report provides professional research conducted by a team of leading industry researchers within a single publication. Each country mining report provides a precise picture of the current state of affairs.

According to latest Ghana Statistical Service: Quarterly Gross Domestic Product Publication.