Product Code: ETC038677 | Publication Date: Jan 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Ghana Precious Metal Market is projected to witness mixed growth rate patterns during 2025 to 2029. Although the growth rate starts strong at 37.17% in 2025, it steadily loses momentum, ending at 37.11% by 2029.
The Precious Metal market in Ghana is projected to grow at a exponential growth rate of 23.62% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Nigeria and Morocco, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The precious metal market in Ghana includes gold, silver, platinum, and palladium, with gold being a significant contributor due to its historical significance, cultural value, and economic importance in the country`s mining sector.
The increasing investment demand, the growing jewelry sector, and the expanding industrial applications are driving the growth of Ghana precious metal market. Precious metals such as gold, silver, and platinum are sought after for their intrinsic value, diversification benefits, and industrial utility, supporting market growth.
Price volatility and market speculation pose significant challenges to the Ghana precious metal market. Precious metals, such as gold, silver, and platinum, are valued for their rarity, beauty, and investment potential. However, fluctuations in global metal prices, as well as currency exchange rates and geopolitical events, can impact market dynamics and investor confidence. Moreover, speculative trading and market manipulation can distort price signals and create artificial shortages or surpluses in the precious metal market. Limited access to transparent and regulated trading platforms, as well as challenges in assessing the authenticity and purity of precious metal products, can hinder market participation and liquidity. Collaborating with regulatory authorities, financial institutions, and industry associations to promote transparency, integrity, and investor protection in the precious metal market is essential for overcoming these challenges and fostering trust and stability in Ghana precious metal industry.
Recognizing the economic significance of precious metals such as gold, silver, and platinum, the government of Ghana has implemented policies to support the growth and sustainability of the precious metal market. These policies aim to promote responsible mining practices, investment in mineral exploration and extraction, and value addition in the precious metal value chain. Additionally, the government emphasizes the importance of promoting transparency, accountability, and fair trade practices in the precious metal sector. By fostering collaboration between stakeholders, implementing effective regulation, and supporting small-scale miners, the government seeks to enhance the competitiveness and contribution of the precious metal market to Ghana economy.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Precious Metal Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Precious Metal Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Precious Metal Market - Industry Life Cycle |
3.4 Ghana Precious Metal Market - Porter's Five Forces |
3.5 Ghana Precious Metal Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Ghana Precious Metal Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Ghana Precious Metal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Precious Metal Market Trends |
6 Ghana Precious Metal Market, By Types |
6.1 Ghana Precious Metal Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Ghana Precious Metal Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Ghana Precious Metal Market Revenues & Volume, By Gold, 2021-2031F |
6.1.4 Ghana Precious Metal Market Revenues & Volume, By Silver, 2021-2031F |
6.1.5 Ghana Precious Metal Market Revenues & Volume, By Platinum Group Metals (PGM), 2021-2031F |
6.2 Ghana Precious Metal Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Ghana Precious Metal Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.3 Ghana Precious Metal Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Ghana Precious Metal Market Revenues & Volume, By Investment, 2021-2031F |
7 Ghana Precious Metal Market Import-Export Trade Statistics |
7.1 Ghana Precious Metal Market Export to Major Countries |
7.2 Ghana Precious Metal Market Imports from Major Countries |
8 Ghana Precious Metal Market Key Performance Indicators |
9 Ghana Precious Metal Market - Opportunity Assessment |
9.1 Ghana Precious Metal Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Ghana Precious Metal Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Ghana Precious Metal Market - Competitive Landscape |
10.1 Ghana Precious Metal Market Revenue Share, By Companies, 2024 |
10.2 Ghana Precious Metal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |