The Ghana Chamber of Mines has revealed that the mineral revenue of producing members fell nearly 14 per cent to $3.39 billion in 2015, down from $3.94 billion the previous year. The drop in the mineral revenue is due to low production and the lower gold price as well as decline in …
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Jun 06, 2016· The Ghana Chamber of Mines says mineral revenue of producing members fell nearly 14 per cent to $ 3.39 billion in 2015 down from $3.94 billion the previous year. The drop in the mineral revenue is due to reduce production and the lower gold price as well as decline in shipments of manganese. The…
Similarly, the Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Mr. SulemanuKoney, has hinted that the mining sector is a leading tax payer and contributor to the Ghana Revenue Authority’s (GRA’s) domestic collections in recent years.
Newmont Mining Corporation is a leading global gold producer with key assets in Nevada, Peru, Australia, Ghana and Suriname. Newmont’s Africa Operations holds two gold mining ope ...
May 31, 2018· Ghana has started an audit of its mining industry as it seeks more revenue and wants to “ensure compliance” among companies in the country that …
Newmont’s Ahafo mine is located along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana. Ahafo is in the Brong Ahafo region, approximately 307 Kilometers northwest from the national capital city of Accra.
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The Ghana Chamber of Mines has announced that mineral revenue of producing members fell 17 per cent to $4 billion in 2014 down from $4.8 billion the previous year. The drop in revenue is due to ...
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The mining industry in Ghana has seen continued steady growth in strength over the past 4-5 years. The industry contributes significantly to government revenue year in year out. Gold production contributed significantly to this growth in the industry. Ghana is Africa’s second largest gold producer ...
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According to Mr Mills, over the past year, the mining sector contributed 14.4 per cent to the country’s revenue adding that since 1991, it had been the single largest contributor to total merchandise export, with gold accounting for 95 per cent of the mineral portfolio.
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Mr. Osah Mills, who was speaking in an interview with BUSINESS GUIDE at the weekend in Accra, said “Illegal mining is not permitted in Ghana under the law but what is happening in Ghana now is that a lot of people who have livelihood issues are looking for jobs and are attracted to do mining without recourse to the law and is a problem for us.”
Member companies of the Ghana Chamber of Mines employed a total of 17,103 people in 2013, 98% of which were reported to be Ghanaian nationals (Ghana Chamber of Mines, 2014).
The Minister of Lands and Natural Resources, Nii Osah Mills says the activities of illegal miners in the country pose a challenge to government.
Ghana’s Minerals and Mining Act came into effect in 2006, and underwent improvements in 2014 to address an ongoing problem in the country’s mining industry: illegal gold mining.
in Ghana for the search, reconnaissance, prospecting, exploration or mining for a mineral unless the person has been granted a mineral right in accordance with this Act.
In a bid to improve the efficiency in revenue collection, Mills established the Ghana Revenue Authority which integrated Value Added Tax (VAT), Customs Excise and Preventive Service (CEPS) and Internal Revenue Service (IRS).
According to Mr Mills, over the past year, the mining sector contributed 14.4 per cent to the country’s revenue adding that since 1991, it had been the single largest contributor to total merchandise export, with gold accounting for 95 per cent of the mineral portfolio.
The Ghana Chamber of Mines has revealed that the mineral revenue of producing members fell nearly 14 per cent to $3.39 billion in 2015, down from $3.94 billion the previous year.
The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold.
The Ghana Chamber of Mines is calling for a law similar to the Petroleum Revenue Management Act (Act 815) so as to track projects funded with mineral revenue.
Minister Mills welcomed the Australian Government’s support to the mining sector in Ghana and noted, “This project will help to increase efficiency and effectiveness in the issuing, tracking and general administration of mineral licences.
According to Mr Mills, over the past year, the mining sector contributed 14.4 per cent to the country's revenue adding that since 1991, it had been the single largest contributor to total ...
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Ghana’s new minerals and mining policy, unveiled in late February by Nii Osah Mills, minister of lands and natural resources, comes amid a modest industry expansion. Mining and quarrying generated GHS8.64bn ($2.2bn) in economic output in 2014, according to the most recent full-year data from the Ghana Statistical Service (GSS), nearly ...
In Ghana the majority of international mining companies, including Asanko Gold, Golden Star Resources, Kinross Gold, Perseus Mining and Xtra-Gold Resources, have disclosed payments-to-governments reports under ESTMA.