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 […]
The ‘UK-Ghana Mining Programme’ launched to combat illegal mining and sanitise the small scale mining sector
The Government of Ghana through the Ministry of Lands and Natural Resources led by Hon. Samuel Abu Jinapor and the government of United Kingdom (UK) led by Mr. James Spencer Cleverly, the UK’s Secretary for Foreign, Commonwealth and Development Affairs on Monday 31st July 2023, launched a new bilateral initiative termed the ‘UK-Ghana Gold Mining […]
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined. For decades, Ghana has been a commodity dependent country relying heavily on export revenues from the three major trading commodities: gold, cocoa and oil (since production commenced in 2011). Gold for decades remains the leading commodity export earner for the country. […]
Ghana’s position as the World’s second largest cocoa producer shaky as Ecuador’s cocoa production soars
Ghana’s position as the World’s second largest cocoa producer shaky as Ecuador’s cocoa production soars The latest 2022 Cocoa Barometer report has revealed that Ecuador is likely to overtake Ghana to become the world’s second largest cocoa producer within the next ten to fifteen years. This comes at the backdrop of the continuous increase in […]
‘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 […]