Cloghan boasts one of the most prolific wild salmon and sea trout fishing areas in Ireland. The Finn River System includes a catchment area of about 195 square miles and includes up to 20 loughs as well as the River Finn and River Reelan.

The area is also noted as a hunting location and has miles of hiking trails in the Bluestack Mountains that divides County Donegal, north from south.

It is also the venue of The Lammas Fair, which is a festival held every summer.