Ghana is preparing to overhaul its mining laws to increase its share of the revenues generated by the surge in the precious metal's price, sparking concern among foreign mining companies in Africa's top gold producer. Gold prices have skyrocketed recently, jumping more than 65 percent in 2025, climbing to fresh records above $5,100 on Monday. In Ghana, the world's sixth-largest gold producer, gold production is largely dominated by foreign companies such as the US's Newmont, South Africa's Gold Fields and AngloGold Ashanti and Australia's Perseus Mining. Alongside fiscal reforms, Ghana has tightened gold trading rules, particularly in the small-scale sector, to curb smuggling and improve transparency. The country's proposed mining reforms come as the country faces rising fiscal pressure.