Sunday, November 27, 2022
...part of efforts to expand non-gold royalties. The Economic and Organised Crimes Office (EOCO) has joined efforts to improve royalty payments and collections due the state from the mining sector in Ghana.  EOCO is the newest member of a group of related agencies in the extractive and minerals sub-sector led...
Newmont’s Ahafo mine was adjudged second-best company in Ghana, while the Akyem mine ranked ninth on the Ghana Investment Promotion Centre’s Ghana Club100 listings.  Newmont, this year, stood out as the most outstanding mining company on this year’s Ghana Club 100 listings. Newmont’s Ahafo mine was adjudged second-best company...
The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has called for collaborative efforts from stakeholders in the mining industry to make the industry sustainable as government seeks to make the country the hub of mining in Africa. The mining industry has become a place of scrutiny, especially with...
The state loses huge revenue from quarry mining due to underreporting and excessive focus on gold, says a study by Africa Centre for Energy Policy (ACEP). The study, Estimating the revenue potential of the quarry subsector in Ghana, surveyed 15 firms and found out that revenue from royalties and...
Dr. Kwabena Okyere Darko-Mensah, Western Regional Minister, has said government is determined to sanitise the small-scale mining industry in spite of all obstacles. He noted that sanitising the small-scale mining can sustainably contribute to the nation's socioeconomic growth and preserve its abundant resources for today and future generations. “On the steps...
Amid capital flight out of African fossil fuel projects, the Chief Executive Officer (CEO) of Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, says there is a clear impetus for increased involvement of the financial sector in securing long-term capital for oil and gas projects. Energy investment trends - according to...
“In fact, if I had my way mining in forest reserves by both local and international companies would be banned. Also, all pending applications for mining in forest reserves and near water-bodies should be withdrawn.” Political instability and economic stagnation in some West African countries could perhaps be fuelling the...
On Wednesday 5th October, 2022, I had the opportunity to participate in two meetings in Kumasi on the phenomenon of illegal artisanal (small-scale) mining, popularly known as galamsey. The meetings were convened at the request of His Excellency the President of the Republic. The first was with the National...
The Chief Executive Officer of Petrosol Ghana Ltd., Michael Bozumbil, has commended Dr. Mustapha Abdul-Hamid, Chief Executive-National Petroleum Authority (NPA), for the bold steps he has taken to sanitise the downstream petroleum industry by enforcing industry regulations for a level playing field. He has therefore encouraged him to continue on...
The Associate Executive Director of WACAM, Hannah Owusu-Koranteng, has stated that mining communities - especially cocoa farming areas - are being completely demolished as a result of weak laws and the lobby power of mining companies, which have emboldened them to bully farmers and local residents. She stressed that mining...
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