Introduction
In 2024, Africa continues to play a central role in global gold production , with several countries maintaining strong output levels despite challenges like rising costs, regulatory changes, and environmental concerns.
This post explores the largest producer of gold in Africa in 2024 , highlights the top gold-producing nations , and discusses trends shaping the industry.
Top Gold-Producing Countries in Africa (2024 Forecast)
| Rank | Country | Estimated Annual Output (tonnes) | Key Notes |
|---|---|---|---|
| 1 | Ghana | ~150 | Maintains top position due to stable mining environment and expansion of major mines. |
| 2 | South Africa | ~95 | Long history of deep-level mining; ongoing modernization efforts. |
| 3 | Mali | ~70 | Political instability persists but production remains high. |
| 4 | Burkina Faso | ~50 | Recovery from past disruptions; new exploration licenses issued. |
| 5 | Tanzania | ~45 | Government reforms boosting investor confidence. |
| 6 | Sudan | ~15 | Growth driven by artisanal and small-scale mining. |
| 7 | Guinea | ~12 | Increasing exploration activity in Birimian belt. |
| 8 | Nigeria | ~10 | Formalization of informal mining sector gaining momentum. |
Why Ghana Remains the Largest Producer in 2024
Ghana has held the title of Africa’s largest gold producer for several years, and 2024 is no exception.
Key reasons include:
- Strong investment climate : The government supports both local and foreign mining companies.
- Rich geological base : The country sits on the Birimian Greenstone Belt , one of the richest gold belts in the world.
- Major mine operations : Includes Ahafo North (Newmont), Iduapriem and Obuasi (AngloGold Ashanti), and Wassa (Golden Star Resources).
- Stable regulatory framework : Compared to some neighboring countries, Ghana offers more predictable mining policies.
Key Industry Developments in 2024
Increased Foreign Investment
Multinational firms continue to invest in West Africa, particularly in Ghana and Burkina Faso.
Technology and Automation
Mining companies are adopting AI-driven exploration tools and autonomous equipment to improve efficiency and safety.
Focus on Sustainability
More companies are committing to ESG (Environmental, Social, Governance) standards, including reducing carbon footprints and improving mine rehabilitation.
Regulation of Artisanal Mining
Governments are formalizing small-scale operations to reduce illegal mining and increase tax collection.
Economic Impact of Gold in 2024
Gold plays a vital role in national economies across Africa:
- Provides foreign exchange earnings
- Supports millions of jobs , directly and indirectly
- Funds infrastructure development and public services
However, environmental concerns and community disputes around mining licenses remain ongoing issues.
Frequently Asked Questions
Question 1: Which country is the largest producer of gold in Africa in 2024?
Ghana remains the top gold producer in Africa, surpassing South Africa and Mali.
Question 2: How much gold did Africa produce in 2024?
Total estimated production was over 1,000 tonnes , making Africa one of the largest contributors globally.
Question 3: Is gold mining profitable in Africa?
Yes, especially in countries with stable regulations and rich deposits, though profitability varies based on cost and market prices.
Conclusion
In 2024, Ghana continues to lead as the largest producer of gold in Africa, supported by favorable investment conditions and rich mineral resources.
With continued exploration, technology adoption, and policy support, Africa’s gold industry remains a key player in the global mining landscape.
