By Nick OPOKU
Ghana is Africa's largest producer of gold and one of the world's largest. Gold plays a critical role in Ghana's economy; contributing nearly half of the country's exports in 2023, according to central bank data.
Illegal small-scale mining (galamsey), however, continues to wreak havoc on the environment,...
According to the Harvard Business School (HBS) online, a study has found that inadequate communication can cost large companies an average of US$64.2 million per year.
Indeed, the Economist Intelligence Unit is reported as saying that “poor communication can lead to low morale, missed performance goals, and even lost sales.”
The...
In response to the reported US$1billion sale of Newmont’s Akyem gold mine to China’s Zijin Mining Group, the Institute of Economic Affairs (IEA) is calling for significant constitutional amendments to safeguard the nation’s natural resources.
The IEA describes the deal as “flawed in several respects, inimical to Ghana’s interest and...
By Christabel DANSO ABEAM
The Women in Law and Development in Africa (WiLDAF), partnering with OXFAM Ghana, has held a roundtable meeting under the Power of voices for Partnership (PvP) Fair4All project to review gender responsive policies, legal and institutional frameworks in the mining, petroleum and cocoa sectors.
The PvP Fair4all...
By Samuel Lartey (Prof.)
[email protected]
Ghana, once lauded as an African success story, has faced significant economic hurdles in recent years, from overburdened national debt to the volatile depreciation of the cedi, sky-high inflation, and the environmental destruction caused by illegal mining (Galamsey).
As the country nears the 2024 General Elections, signs...
The United Nations (UN) Resident Coordinator for Ghana, Mr. Charles Abani, has observed that addressing illegal mining or galamsey is crucial to establishing a sustainable economy.
He further indicated that illegal mining has devastating impacts on people, poverty, jobs, child-labour, the environment and water, while also driving illicit financial flows.
The...
By Isaac Yaw OBENG
Agricultural exports contribute significantly to Ghana’s economy. According to the data, agri-food products worth US$3.4billion were exported from Ghana over the period 2022 and 2023 (Ghana Statistical Service, 2023.
Ghana’s agricultural-related exports are led by Cocoa and Cocoa preparations ($1.090B), Edible fruits, nuts, peel of citrus fruit, melons (US$387.29M), and Animal, vegetable...
By Samuel SAM
Vice Chancellor-University for Development Studies (UDS), Prof. Seidu Al-Hassan, has called for stricter policies to combat illegal mining - warning that the practice threatens food security and the nation's overall development.
"The continued engagement in illegal mining, known as galamsey, along the country's water-bodies and forests threatens our...
By Kizito CUDJOE
The mining sector contributed a record GH₵11.55billion (US$980million) in taxes in 2023, an 81.1 percent increase from GH₵6.38billion in 2022 - making it the largest source of domestic tax revenue according to a report by the Ghana Chamber of Mines.
The sector accounted for 22.7 percent of all...
McDan Group and the (GPHA) have signed a memorandum of understanding (MoU) to develop national capabilities in marine transport and logistics.
The signing ceremony took place in Tema, marking a significant step towards enhancing domestic maritime infrastructure.
Established in 1986, GPHA is responsible for the planning, development and regulation of ports...