Ghana has been ranked 6th in the world and 1st in Africa for possessing the largest gold deposits, according to the World Gold Council’s 2025 Gold Demand Trends report. The report highlights Ghana’s total gold reserves at 140.6 tonnes, solidifying the nation’s dominance in Africa’s gold mining industry.
The findings were released in 2025, underscoring Ghana’s steady progress in the global mining sector. The World Gold Council attributes this achievement to the country’s increased investment in mining and its enhanced regulation of artisanal and small-scale mining activities.
According to the Ghana Chamber of Mines, gold contributes about 40% of Ghana’s total export earnings, making it a critical pillar of the nation’s economic stability and foreign exchange reserves. This strong performance has helped Ghana maintain a competitive edge on the international stage.
On the global front, China tops the list as the world’s largest gold producer with 380.2 tonnes, accounting for about 10% of global gold output. The Asian giant’s mining sector is driven by major state-owned companies such as China National Gold Group and Shandong Gold.
Russia follows in second place with 330 tonnes, with its vast gold reserves mainly found in Siberia and the Far East. Completing the top five are Australia (284 tonnes), Canada (202.1 tonnes), and the United States (158 tonnes).
Ghana’s rise to prominence in gold production reflects the nation’s strategic efforts to strengthen mining governance, attract investment, and promote sustainable resource development. The 2025 ranking further positions Ghana as a key player in the global gold economy, reinforcing its reputation as the “Gold Coast” of Africa.