Panama Guitars is a boutique amplifier and speaker cabinet maker based in Boquete, Panama, established around 2012. The company is known for handcrafting all-tube guitar amplifiers and cabinets using sustainably sourced exotic tonewoods native to the region, including Spanish Cedar and Zorrowood, which the brand cites as contributing to both the visual character and tonal warmth of its products.

The lineup centers on the Shaman series of all-tube heads and combos, introduced in 2015, alongside the Conqueror and Inferno amplifier lines. The Shaman 20 offers two footswitchable channels with selectable 10/20-watt EL84 output and a bypassable Harmonic Content Limiter for symmetrical and asymmetrical clipping, while the Shaman Retro 20 targets a more vintage voicing. The company also produces a range of guitar speaker cabinets, including extended-range designs, built around its tonewood philosophy.

Panama Guitars has 12 products cataloged on Equipboard, including Guitar Amplifier Heads, Guitar Amplifier Cabinets, and Combo Guitar Amplifiers. Their gear is featured by 8 artists, with the strongest followings in Rock, Metal, and Folk, World, & Country. Notable users include Rob Scallon, Ryan "Fluff" Bruce, and Jared Dines.