Mining
From The Report: Ghana 2019
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Ghana is one of the world’s top-10 gold producers and the second largest in Africa. A wave of investments in recent years has boosted production and improved cost efficiency in gold and manganese mining, while the government has acted firmly to improve industry regulation, tackle long-term issues such as illegal activity and environmental damage, and strengthen assaying capacity. Ghana boasts political stability and a strong institutional framework, and these factors are expected to continue to underpin investment in the mining sector in years to come. However, international players will be keen for some clarification with regard to plans to increase state equity stakes in key operating companies. This chapter contains an interview with Eric Asubonteng, President, Ghana Chamber of Mines; and Managing Director, AngloGold Ashanti (Ghana).

Articles from this Chapter

Overview

Gold standards: Greater investment has increased production across the sector, with improved regulation set to boost it further
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Ghana is one of the world’s top-10 gold producers and the second largest in Africa. As such, the mining industry is a major economic driving force: it is the biggest single contributor to government revenues and a leading source of export earnings. A wave of investments in recent years has boosted production and improved cost efficiency in gold and manganese mining. Meanwhile, the government has acted firmly to improve industry regulation, tackling long-term issues of illegal activity, known in…

Analysis

Healthier environment: After lifting the ban on small-scale mining, the authorities are set to reform and regulate the segment
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On December 17, 2018, Kwabena Frimpong-Boateng, minister of environment, science, technology and innovation, announced the end of a moratorium on small-scale mining after nearly two years. During this period, the government had developed a comprehensive framework to regularise and monitor the industry. Although the ban gave rise to a degree of controversy, the government’s policies are expected to benefit the long-term health of the mining sector by addressing damaging and illegal activities. Through…

Interview

Open and transparent: Eric Asubonteng, President, Ghana Chamber of Mines (GCM); and Managing Director, AngloGold Ashanti (Ghana), on international competitiveness and exploration opportunities
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Interview :Eric Asubonteng What attracts global investors to Ghana’s mines? ERIC ASUBONTENG: Ghana is politically stable and abides by the rule of law. The positive from this is the ability to hold an active and honest dialogue with the government without affecting business. Indeed, the authorities have proven themselves to be willing and constructive partners by, for example, helping to establish the Precious Minerals Marketing Company (PMMC) as a national assayer, to ensure transparency…