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Overview of Ghana’s Mining Sector.

The Minerals Commission on a dissemination workshop last week gave the overall overview of the mining industry in Ghana.

The Commission touched on Traditional Minerals, Mining Sector Investment, Gold Production, Sector Contribution and Status of Mineral Rights.

Below is the breakdown of the Overview.

TRADITIONAL MINERALS: Gold,Bauxite,Manganese &Diamond.
Others; Limestone, clays, kaolin, granites,solar salt etc

MINING SECTOR INVESTMENT: Some US$ 15.6 billion invested in mining sector (1983-2015)& has become highest gross foreign exchange earner.

GOLD PRODUCTION: 2nd in Africa after South Africa and 9th in the World.
Produced 134 MT of gold (4.3 million oz. in 2014) & 113 MT of gold (3.63 oz.in 2015)

SECTOR CONTRIBUTION: 14% Government revenue (Domestic Tax) in 2015, 27% in 2012.
EMPLOYS some 22,000 people (large scale mining sector) & about 1 million small scale mining.

STATUS OF MINERALS RIGHTS: As of December 2015, 265 local and foreign companies held prospecting/Reconnaissance licenses. Additionally, 13 large scale mines are currently operating in the country.

 

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