President John Mahama has dismissed claims that excavators are secretly released at night from the Tema Port. He clarified that the movement of the earthmoving machines forms part of a decongestion measure. Speaking during his media engagement on Wednesday, September 10, President Mahama explained that the government is strictly enforcing existing laws that require dealers […]
The long-dormant Black Volta and Sankofa gold projects in Ghana’s Upper West Region are set for revival after Engineers & Planners (E&P), one of West Africa’s largest indigenous mining contractors, acquired full equity in Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd. The transaction, completed with the Registrar of Companies and the Minerals Commission, […]
The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank. The directive, communicated to the mining companies this week, is part of measures to boost interbank forex trading and improve liquidity. BoG Governor, Dr. Johnson Asiama, confirmed the move in […]
The mining sector is facing a challenge that could erode its competitive edge and cripple future growth, the Ghana Chamber of Mines has warned. The Chamber is raising red flags over new tax measures that could drive exploration firms away, choke investment, and even collapse some existing mining companies. Speaking on PM Express Business Edition on Thursday, […]
President John Dramani Mahama has announced a government policy to ban the issuance of mining leases in all forest reserves as part of efforts to protect the country’s natural environment from destruction. Speaking at the swearing-in of the 3rd batch of ministers on Thursday, January 30, he noted that the government would also move swiftly […]
The Minister of Lands and Natural Resources, Samuel Abu Jinapor has refuted claims that the current government has issued an excessive number of mining licenses. He clarified that he has faced criticism for not approving enough licenses to meet the industry’s needs. In an interview with Citi FM on Tuesday [Oct 8 2024], Mr Jinapor […]
The Minister of Lands and Natural Resources, Samuel Abu Jinapor, has officially terminated the mining leases of FGR Bogoso Prestea Mining Limited. This decision, announced in a press statement on Wednesday, September 18, 2024, was based on recommendations from the Minerals Commission and the Attorney-General and Minister for Justice. The Ministry stated that the move […]
The Vice-President, Dr Mahamudu Bawumia, has outlined some proposals to build a robust small-scale mining sub-sector by bringing major reforms in the mining industry. He said his overall objective was to make the country a leading player in gold in Africa across several value chains. “Our overall goal is to build a robust small-scale mining […]
The Ghana Chamber of Mines has called on the government to be deliberate about developing mining host communities and not focus only on the revenue. The Chief Executive of the Ghana Chamber of Mines, Dr Sulemanu Koney, said revenue from mining communities must not be left to sink in the Consolidated Fund but must be […]
Eighty-six illegal miners who entered the underground of Obuasi Mine of Anglogold Ashanti in Ghana have been arrested by the police. They were all picked up when they exited the underground through one of the main shafts of the mining company into the waiting arms of the police and security personnel of the biggest gold […]
It has now been confirmed that nine dead bodies have been retrieved from the flooded mining pit at Moabok, a community near Gbane in the Talensi District of the Upper East Region. This follows several hours of rescue operations carried out by personnel of the National Disaster Management Organization (NADMO), the Ghana Police Service and […]
Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources, the Vice President Dr. Mahamudu Bawumia has revealed. The paradigm shift in the thinking behind the utilisation of Ghana’s mineral resources would seek to ensure value addition to the minerals […]
