The Minerals Income Investment Fund (MIIF) is exploring investments and strategic partnerships across the domestic mining supply chain. Steel manufacturer B5 Plus is an identified potential partner as the Fund seeks to increase local participation and retain more value from mineral production.
Illegal mining has trespassed on 57 forest reserves across the country, according to environmental organisation A Rocha Ghana.
The country could significantly increase mining revenue by closing the tax and formalisation gap in artisanal and small-scale mining (ASM) rather than placing a heavier fiscal burden on the relatively small number of large-scale producers, Ghana Chamber of Mines (GCM) has said.
The minerals law's planned overhaul faces a critical test - whether the country can secure a greater share of its mineral wealth without weakening the regulatory certainty needed to attract long-term mining capital, the Natural Resource Governance Institute (NRGI) has said.
Perseus Mining Ghana Limited (PMGL) has paid GH¢391million (US$35million) in dividends to the Government of Ghana, representing the State’s entitlement from its 10 percent equity stake in the company.
The Minerals Commission is stepping up efforts to formalise the small-scale mining and industrial minerals sectors through new exploration zones, digital monitoring systems and proposed legislative reforms.
The Institute of Economic Affairs (IEA) has called for an increase in the mandatory share of gold purchased by Ghana Gold Board (GoldBod) from large-scale mining companies to 50 percent from the current 30 percent.
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