Product Code: ETC205148 | Publication Date: May 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
The Ghana Precious Metals 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.
By 2027, Ghana's Precious Metals market is forecasted to achieve a exponential growth rate of 23.62%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Nigeria and Morocco.
The precious metals market in Ghana encompasses trading, refining, and jewelry manufacturing activities, with gold being the primary focus due to the country`s rich gold reserves and mining heritage.
The expanding tire and rubber industry, the growing demand for green tires, and the increasing use of precipitated silica as a reinforcement filler are driving the growth of Ghana precipitated silica market. Precipitated silica improves tire performance, fuel efficiency, and environmental sustainability, supporting its adoption in tire manufacturing and other industrial applications, thus stimulating market growth.
Export regulations and market access pose significant challenges to the Ghana precious metals market. Ghana is a major producer of gold, with significant reserves and production capacity in the mining sector. However, ensuring compliance with export regulations governing precious metal trade, as well as addressing concerns about illegal mining activities and smuggling, requires robust regulatory enforcement and international cooperation. Limited access to export markets, as well as challenges in securing financing and insurance for precious metal shipments, can hinder market expansion and value realization for local producers. Moreover, addressing environmental and social impacts associated with gold mining, such as land degradation and community displacement, is essential for maintaining market access and sustainability. Collaborating with government agencies, industry stakeholders, and international partners to strengthen regulatory frameworks, promote responsible mining practices, and enhance market access for Ghana precious metal producers is critical for overcoming these challenges and fostering sustainable growth in the precious metals market.
The government of Ghana recognizes the strategic importance of precious metals such as gold, silver, and platinum in driving economic growth, supporting livelihoods, and attracting investment. Policies have been implemented to support the growth and sustainability of the precious metals market, focusing on promoting responsible mining practices, value addition, and market access. Additionally, the government emphasizes the importance of promoting transparency, accountability, and environmental sustainability in the precious metal sector. By fostering collaboration between stakeholders, implementing effective regulation, and supporting small-scale miners, the government aims to enhance the competitiveness and contribution of the precious metals 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 Metals Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Precious Metals Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Precious Metals Market - Industry Life Cycle |
3.4 Ghana Precious Metals Market - Porter's Five Forces |
3.5 Ghana Precious Metals Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Ghana Precious Metals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ghana Precious Metals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Precious Metals Market Trends |
6 Ghana Precious Metals Market, By Types |
6.1 Ghana Precious Metals Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Ghana Precious Metals Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Ghana Precious Metals Market Revenues & Volume, By Gold, 2021-2031F |
6.1.4 Ghana Precious Metals Market Revenues & Volume, By Silver, 2021-2031F |
6.1.5 Ghana Precious Metals Market Revenues & Volume, By Platinum Group Metals (PGM), 2021-2031F |
6.2 Ghana Precious Metals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ghana Precious Metals Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.3 Ghana Precious Metals Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Ghana Precious Metals Market Revenues & Volume, By Investment, 2021-2031F |
7 Ghana Precious Metals Market Import-Export Trade Statistics |
7.1 Ghana Precious Metals Market Export to Major Countries |
7.2 Ghana Precious Metals Market Imports from Major Countries |
8 Ghana Precious Metals Market Key Performance Indicators |
9 Ghana Precious Metals Market - Opportunity Assessment |
9.1 Ghana Precious Metals Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Ghana Precious Metals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ghana Precious Metals Market - Competitive Landscape |
10.1 Ghana Precious Metals Market Revenue Share, By Companies, 2024 |
10.2 Ghana Precious Metals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |