Income From Mining Accounted For 31 Percent Of Ghana’s Gross Revenue In 2015

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By Ansu Kofi Richard, B/A

The Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Mr. Sulemanu Koney, has disclosed that mining industry accounted for 31 percent of the country’s total gross revenue in 2015.

Adding that a total of Gh¢160,792,149 was ploughed back to the mining districts between 2011 and 2015.

Mr.Koney, disclosed this at the annual media interactions and sensitization on the Ghana’s Mineral Economic Contributions, Opportunity and Challenges held in sunyani.

He noted that, South Africa, was leading in terms of gold productions in Africa, followed by Ghana, while Ghana holds the 10th positions as far as gold exploitation in the world.

Ghana Chamber of mines, is a private Non-governmental organization incorporated in 1928. The chamber exists in the interest of all member groups in the country. Moreover, a Gold production company in the country quality’s as members after one year of production.

The CEO, admonished Ghanaians to support responsible and regularized mining activities, because only two percent of employees at the mining industries are expatriates.

Mr. Koney, mentioned the number of challenges confronting the industries to include, high cost of diesel for operations, electricity cost and Value Added Tax (VAT).

He further admonished the Public Utility Regulatory Commission (PURC) to ensure equity and transparency in terms of power purchase in the country.

He expressed worry over the high level of distractions to the aquatic life and increase of cost of treating potable water and threat to potable water availability due to irresponsible mining.

He urged the government to put in place an affirmative actions, which could clamp down the activities of these irrespective mining in the country.

He, therefore called on the mining companies to ensure regular disbursement of royalties to district assemblies to ensure that it would not impedes the districts development projects in the country.

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