Ghana Energy

Chapter | Mining from The Report: Ghana 2020

Rising commodity prices and vast untapped reserves have boosted interest in Ghana’s mining sector. As production continues along an upward trajectory, government policy aims to leverage the mineral wealth by building up refining capacity, introducing new legal frameworks, and attracting private sector partners to support the development of infrastructure and local industry. Mining has grown...

The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.

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In what ways has the Covid-19 pandemic impacted mining activities in Ghana?

 

Companies in the mining sector have traditionally been slow to adopt new technologies due to the scale and complexity of their operations, as well as the hefty costs that come with change. The uptake of digital tools and solutions has consequently been limited. However, challenging market conditions – driven by weak global demand for certain...

 

In 2018 Ghana overtook South Africa to become the top gold producer in Africa. According to the Ghana Chamber of Mines, total production increased by 11.9% in 2018, from 4.3m oz in 2017 to some 4.8m oz, with gains in output expected to continue beyond 2019. Global credit ratings agency Fitch also ranked Ghana’s mining sector first in Africa –...

 

Rising commodity prices and the promise of vast untapped reserves have led to increased interest in Ghana’s mining sector. As production continues along an upward trajectory, government policy aims to leverage the country’s mineral wealth by building up its refining capacity, introducing new legal frameworks, and attracting private sector...

 

In what ways have sustainable mining practices evolved among small-scale mining operators?

 

Ghana has one of the highest electrification rates in sub-Saharan Africa, with more than 70% of rural areas and 95% of urban dwellers having access to electricity. A recent drive to develop the country’s electricity infrastructure has brought to an end a period of unstable supply and raised installed generation capacity to 4780 MW as of the...

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