The African mining industry is facing many challenges. Chief among them is the still low base of the mining activity. A number of African countries depend on extractive resources for revenues and export earnings but mining faces huge challenges related to environmental degradation and social issues.
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One approach is to look at risk and issues not in isolation, but to consider how they manifest themselves as forces shaping the future of the mining industry. Whereas risks vary from year to year (evidenced by the emergence of infectious diseases as one of the Forum's top risks in a matter of months), forces endure over a longer timeframe ...
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Ghana has abundant mineral reserves in many of its regions, and gold mining remains one of the country's main sources of revenue. Given Ghana's current position in the global gold market, this review provides insight into the ASGM sector to give an understanding of the pertinent issues in the sector and its role in the socio-economic …
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SD Dombo University of Business and Integrated Development Studies W a, Ghana. Phone: 0249307101. Email: [email protected]. ABSTRACT. This review examines the impact of mining on the Ghanaian ...
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Mining is extremely important to the economy of Ghana and a major contributor to its GDP and the mining sector creates employment for many people. …
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Gold mining industry represents an important source of socio-economic development in most economies. Ghana has had its fair share of the benefits the mining sector brings by way of direct revenue generation and job creation. In spite of this significant contribution from gold mining, the sector appears to be facing various forms of …
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According to the Ghana Chamber of Mines, mining communities would need to get at least 30% of total mineral royalties to address the challenges related to mining and ensure development. Fourth ...
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Minerals & Mining Policy of Ghana 2.0 Overview of Ghana's Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and bauxite. Gold is the predominant mineral produced in the country accounting for over 90% of all mineral revenues annually over the past two …
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These have led to clashes and violence related disputes between the mining communities and the mining firms, thus causing social and environmental insecurity (Akabzaa and Darimani, 2001; Anane, 2011; Zorrilla, 2009; Hilson, 2004).Furthermore, the mining industry seems to be facing various forms of challenges within the supply chain in …
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With a focus on the institutional set-up and the political environment as central to understanding and rectifying the poor impact of mining on Ghana's economic development, this paper highlights the vulnerabilities in mining sector governance along the industry value chain. The authors explain why it has been difficult to implement policies ...
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Ghana is the world's second-largest producer of cocoa, after Côte d'Ivoire, and its economic model relies excessively on the exploitation of natural resources. In addition to operational inefficiencies, the Ghanaian cocoa supply chain is currently facing significant difficulties. In the medium term, it is primordial to deal with the sector's inherent …
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Mining is a key component of Ghana's national economy; the country is Africa's largest gold producer. The Covid-19 pandemic highlighted the mineral's prominent role, as gold is …
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2021 PERFORMANCE REPORT OF THE MINING INDUSTRY IN GHANA Global Economic Developments in 2021 ... Russia, and country-specific structural challenges would decelerate GDP growth by almost 200 basis points, from 5.2 per cent in 2021 to a …
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Renewable energy is key to the development of Ghana's power sector especially for the replacement of fossil fuels, which have become much a talk globally for contributing to climate change. Unfortunately, Ghana has seen little development and deployment in the renewable energy sector mainly due to the numerous …
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For a foreign investor interested in conducting business in the Mining industry, they must first comply with the Ghana Investment Promotion Center, (GIPC) Act 2013 (Act 865), the Ghana Minerals ...
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Ghana, once known as the Gold Coast, is a key player in the international gold market, as the country is Africa's second-largest producer. In 2013, 86.6% of export revenue from the mining sector came from gold, making the metal the top export and source of …
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The gold mining sector in Ghana predates independence and has over the years contributed significantly to Ghana's socio-economic development through revenue generation, employment creation and an increase in foreign direct investments. Ghana has the ... The four most prominent challenges facing the mining sector are: lack of …
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According to section 19(2) of the Act, the MCDS is managed by a Local. Management Committee (LMC) in each community, consisting of at least six members, including. the …
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©MINING SECTOR REPORT 2022. PREPARED BY STRATEGY AND RESEARCH DEPARTMENT Introduction The mining sector is one of Ghana's biggest contributors to Gross Domestic Product (GDP), contributing 5.0% as at the end of 2021. This translates into the sub-sector's nominal GDP of GHS 42.72 billion and real GDP of GHS …
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The aim of this article is to highlight the significant challenges facing regulatory bodies in the gold mining sector of Ghana, and suggest some solutions to these challenges. Discover the world's ...
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While a number of studies that have examined the nature and impact of gold mining in Ghana have often identified environmental degradation as a major consequence of resource extraction, limited efforts have so far been directed at exploring the challenges and opportunities facing the implementation of environmental policies within Ghana's …
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There is no doubt that weak regulatory frameworks are one of the biggest challenges facing the mining industry in Africa. For mining to occur in Africa in a manner that is both environmentally and socially ... Mining Technology. (2019). Ghana to enforce local content laws in mining sector. Retrieved from
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©MINING SECTOR REPORT 2022. PREPARED BY STRATEGY AND RESEARCH DEPARTMENT Introduction The mining sector is one of Ghana's biggest contributors to Gross Domestic Product (GDP), contributing 5.0% as at the end of 2021. This translates into the sub-sector's nominal GDP of GHS 42.72 billion and real GDP of GHS 21.74 billion.
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The mining and metals companies need to surmount various challenges, including meeting rising ESG and social expectations, transitioning towards low-carbon value chains, among others, to fully leverage the potential of the sector. Minerals are non-renewable and limited natural resources that constitute vital raw materials in numerous …
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In recent times, stakeholders in the mining sector have expressed concerns about the environmental degradation and the social impacts of uncontrolled Small Scale Mining (SSM) activities in Ghana despite the existence of legislative instruments that define the procedures required for the acquisition of licences and operations of SSM activities in …
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The review of the legislation indicated that a rather comprehensive legal framework has been adopted in Ghana. The mining sector in Ghana is governed primarily by the Minerals and Mining Act, 2006 (Act 703) (Government of Ghana, 2006) (as amended in 2015 and recently in 2019) and the Minerals Commission Act. These serve as the …
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Published 20 Jun 2014. Although lower prices and higher costs are a concern for Ghana's mining industry, the Mining Commission's re-evaluation of prospecting licences could …
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Human Capital Considerations. Perhaps the greatest concern now facing the gold industry is the degree and rapidity of shrinkage in personnel. Chart 3 reveals that, over a twenty-year period since 1984, the number of unskilled personnel employed by the South African gold mining industry has fallen from 450,000 to 130,000 due to restructuring in the sector.
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With a focus on the institutional set-up and the political environment as central to understanding and rectifying the poor impact of mining on Ghana's economic …
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