ACCRA, March 27 (AGCNewsNet) - Ghana is deepening collaboration with international partners to enhance its small-scale gold mining (ASGM) sector and the broader gold value chain, underscoring its role in the country’s socioeconomic development.

The Ashanti Green Initiative, led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom, is spearheading the inaugural Mining in Motion Summit, scheduled for June 2-4, 2025, in Accra. The event, organized in partnership with the World Bank and the World Gold Council, will convene stakeholders from Ghana’s ASGM sector, major mining players, and global investors to discuss strategies for sustainable growth.

ASGM contributed $5 billion in export revenue and employed over one million people in 2024 alone, highlighting its significance in Ghana’s mining landscape and economy.

Ghana is implementing the Ghana Landscape Restoration and Small-Scale Mining Project in partnership with the World Bank, aiming to formalize the ASGM sector through the empowerment of District Mining Committees. The initiative seeks to enhance job creation and promote sustainable mining practices.

The country is also leveraging global partnerships for value addition. Ghana’s Central Bank and India’s Rosy Royal Minerals launched the Royal Ghana Gold Refinery in August 2024, presenting a transformative opportunity for the ASGM industry by increasing contributions to GDP through refined gold products.

Additionally, in November 2024, the Minerals Income Investment Fund of Ghana partnered with South Africa’s Mintek to enhance technical expertise among local miners.

Ghana’s industrial mining sector is witnessing significant international cooperation, with several projects set to expand production. Cardinal Resources plans to boost Ghana’s gold output by 358,000 ounces with the launch of the Namdini Mine in mid-2025, while Newmont’s Ahafo North Project is expected to add another 325,000 ounces in the second half of the year.

Canadian mining firm Asante Gold is preparing to select a contractor for its Bibiani Mine Expansion Project in Q3 2025. The UAE, which accounted for 40% of Ghana’s gold exports in 2024, continues to play a major role in the sector’s expansion. UAE-based Emiral Resources Limited, the majority shareholder in Asante Gold, is investing in new mines and modernizing existing facilities as part of Asante Gold’s $525 million expansion strategy.

Against the backdrop of increasing global partnerships in Ghana’s mining sector, the Mining in Motion 2025 summit aims to solidify these collaborations. The event will feature high-level panel discussions and exhibitions from key decision-makers, including Otumfuo Osei Tutu II, King of the Ashanti Kingdom; H.E. John Dramani Mahama, President of Ghana; and representatives from the United Nations, African Union, and ECOWAS.

The summit is expected to serve as a platform for deal signings and strategic partnerships, reinforcing Ghana’s commitment to responsible and sustainable gold mining. According to a report distributed by the APO Group on behalf of Energy Capital & Power, the event will showcase investment opportunities in Ghana’s rapidly expanding gold mining industry.

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