The firm price of gold in the face of the Coronavirus pandemic offers significant hope to the economy, a former Chief Executive Officer of the Minerals Commission, Dr. Toni Aubynn, has said.
Speaking during a webinar on how mining could help to mitigate the adverse impact of the pandemic on African...
The economy recorded a trade surplus of US$2billion last year, equivalent to 3 percent of Gross Domestic Product (GDP), on the back of strong gold prices, according to latest Bank of Ghana (BoG) data.
The country raked in a total US$14.45billion from its exports against total imports valued at US$12.43billion...
Beginning October 2022, gold licence holders are mandated to file monthly returns on all gold purchases in the country, the Precious Minerals Marketing Company (PMMC) has directed.
This new directive is in line with the PMMC’s efforts and mandate - as the sole assayer of gold in the country -...
The newly elected General Secretary of the Ghana Mineworkers’ Union of TUC, Abdul-Moomin Gbana, addressed the mid-year National Executive Council meeting last weekend in Sunyani, capital of the Bono Region, and commended government for its bold response to the COVID-19 pandemic.
He noted that the pandemic outbreak has not been...
Efforts to tame illegal mining, popularly known as ‘galamsey’, have failed to yield results in the Ahafo Region, as the menace continues to attract a significant number of youth to wreak havoc on the environment with impunity.
The galamsey menace is rife in communities like Ntotroso, Gyedu, Kenyasi, Hwidiem and...
Ghana Gold Expo Foundation, in collaboration with Oxford University, has organised a Corporate Social Responsibility Workshop in Takoradi.
The workshop brought together international and national leaders in the mining sector, governmental and mine company representatives, non-governmental organisations, local community leaders and academics from both Ghana and the University of Oxford.
It...
Though government is yet to list Agyapa Royalties Limited shares on the Ghana and London stock exchanges, local and foreign investors have expressed keen interest in investing in this novel gold royalties-backed business, Deputy Minister for Finance, Charles Adu Boahen has said.
Mr. Adu Boahen, briefing the B&FT said: “Though...
The Chirano Gold Mine Limited (CGML), a subsidiary of Kinross Gold Corporation of Toronto, has posted a strong growth forecast following some positive yields from the Mine’s exploration programme.
The Vice President and General Manager of CGML, Terence Watungwa, said “exploration programme at Chirano continued to yield excellent results and...
The Ministry of Lands and Natural Resources has said concerns about the intended government initiative to purchase oil with gold from the country will be resolved as the country readies to receive the first consignment of oil under the policy in a week.
According to the Deputy Minister for Lands...