The Finance Minister has attributed the 5.7 per cent growth rate in the economy mainly to gold mine.

He also included the activities of illegal small-scale mining (Galamsey).

Presenting the 2025 budget statement in Parliament on Tuesday, March 11, he said provisional 2024 GDP statistics published by the Ghana Statistical Service on the 10th of March 2025 showed that overall  GDP grew by 5.7 per cent of GDP compared to the growth rate of 3.1 per cent recorded over the same period. "The key driver of this growth was largely coming from gold mine including illegal small-scale mining (galamsey).

Galamsey growth rate cannot be sustainable, " he said.