The government of Ghana has revealed plans to invest about US$100 million in the small scale gold mining sector in the next five years. This was disclosed by the Minister of Finance Ken Ofori-Atta in the 2024 budget statement and economic policy presented to the Parliament of Ghana on Wednesday November 15, 2023. According to […]
COCOBOD hints of a likely upward adjustment of cocoa farmgate price in October
The price of cocoa in the international market has in recent times recorded a steady rise. Figures from International Cocoa Organization Market Report indicate that the global cocoa market has been experiencing increases in prices since April 2023 with a tonne of cocoa beans which was US$2,630 in London and US$2,868 in New York now […]
How changes in the small-scale mining sector are impacting the environment
The value of Ghana’s gold export receipts for 2022 alone is estimated to be US$ 6.6 billion. Meanwhile, the revenue accrued declined from US$ 6.779 billion in 2020 to US$ 5.083 billion in 2021. This was attributed to the contraction in gold production, particularly the near-collapse in the volume of gold exports by the small-scale […]
‘Galamsey’ dwindling the interest of the youth in cocoa farming, a threat to future cocoa production
‘Galamsey’ dwindling the interest of the youth in cocoa farming, a threat to future cocoa production The upsurge in illegal small scale mining or ‘galamsey’ activities in some cocoa growing areas in the Ashanti and Western Region has occasioned a growing disinterest of the youth to engage in cocoa farming activities which threatens future cocoa […]
Mercury-free mining technology introduced to fight galamsey
Mercury-free mining technology introduced to fight galamsey To bolster the fight against illegal mining, which has become a national canker and raised serious concerns about pollution of rivers in mining areas, a new mineral processing technology has been introduced by a Ghanaian company to promote sustainable mining. The mineral processing technology ensures a cleaner gold […]
Having a mining licence alone does not imply responsible mining: Effective regulation needed to enforce responsible mining practices
Having a mining licence alone does not imply responsible mining: Effective regulation needed to enforce responsible mining practices As enshrined in the Minerals and Mining Act, 2006 (Act 703) (now amended Minerals and Mining Act 2019, Act 995), obtaining a mining licence granted by the Minister responsible for mining based on recommendations of the Minerals […]
Appropriate technology key to responsible mining – Commodity Monitor CEO
Appropriate technology key to responsible mining – Commodity Monitor CEO The Chief Executive Officer (CEO) of Commodity Monitor Ltd, Stephen Yeboah, has called for the application of efficient and appropriate technology in the small-scale mining sector to promote responsible mining. He said small-scale mining was not bad, but the irresponsible manner in which some miners […]