Ghana’s mining industry has posted a strong start to the year as the mining sector delivers over GH¢2bn in royalties in Q1 2026, reflecting robust performance across gold production and improved compliance systems.
The mining sector delivers over GH¢2bn in royalties in Q1 2026, driven largely by strong output from large-scale and mid-tier gold producers, according to new data from the Minerals Income Investment Fund.
Figures show that mineral royalty inflows rose to GH¢2.01 billion in the first quarter of 2026, up from GH¢1.43 billion in the same period in 2025—representing a 40% increase in revenue mobilisation.
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The Chief Executive Officer of the Minerals Income Investment Fund, Justina Nelson, said the performance highlights continued resilience in the sector.
“This strong performance positions the mining sector for another robust year, especially if gold production and global prices remain favourable,” she noted.
The growth was largely attributed to higher global gold prices, increased production volumes, and improved regulatory compliance across mining operations.
Mid-tier gold miners recorded significant gains, with royalties rising from GH¢15.30 million to GH¢25.78 million—representing a 69% increase and outperforming forecasts by 53%.
The quarry subsector also recorded modest growth, while limestone saw a slight decline due to reduced production. However, manganese contributions dropped from GH¢60.97 million to about GH¢31 million within the period.
Analysts say the strong first-quarter performance reinforces Ghana’s position as a leading mining economy in Africa and signals sustained investor confidence in the extractive sector.