The Ghanaian government is set to inaugurate the country’s first major greenfield mine in over a decade this November, aiming to boost gold production with an anticipated annual output exceeding 350,000 ounces.
The last large-scale greenfield mine in Ghana was commissioned in 2013, operated by Newmont.
According to Martin Ayisi, the Chief Executive Officer of the Minerals Commission, the new mine, named ‘The Cardinal Namdini,’ will be operated by Cardinal Resources, a subsidiary of the Chinese-owned Shandong, which received its operating license in 2020.
In an interview with Reuters, Ayisi revealed that three additional mines are projected to start operations by 2026 to harness Ghana’s natural resources for economic development.
He noted, “First is Cardinal Namdini, which is a significant mine expected to produce an average of 358,000 ounces per year. By mid-2025, Newmont will launch another major mine, Ahafo North.”
Ayisi also mentioned that two more mines will collectively add about 600,000 ounces to Ghana’s annual gold output and create additional jobs.
Additionally, a gold mine operated by Azumah Resources and Atlantic Lithium is expected to commence production in 2026.
Ayisi emphasized that the Minerals Commission will collaborate with the government to lower mining exploration taxes to attract further investment in the sector.
