Mining
Stories in this category
GoldBod has cut gold price discount by over 10% – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says reforms introduced by the institution have significantly reduced the discount applied to gold traded in Ghana, improving the value received by gold producers and sellers.
Increase Ghana’s share in the value chain through partnerships, not isolation – Ing. Ashigbey
The Chief Executive Officer of the Ghana Chamber of Mines, Ing. Ken Ashigbey, is advocating a stronger Ghanaian presence across the country’s extractive industries through strategic partnerships with multinational firms rather than outright exclusion. Speaking at the JoyBusiness Roundtable discussion held on the theme,...
GoldBod generated $10.8bn in forex from small-scale gold — Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says Ghana generated more than $10.8 billion in foreign exchange from artisanal and small-scale mining gold alone, contributing significantly to the country’s foreign exchange market and reserve accumulation.
Pushing for 100% state ownership of mining is risky – Dr. Sarkodie warns
Economist Adu Owusu Sarkodie has cautioned against calls for full government ownership of Ghana’s extractive resources, arguing that such a model could create operational and management challenges if not properly structured. Speaking at the JoyBusiness Roundtable discussion on the theme, “To Nationalise or Transform: R...
Mali creates state body to regulate artisanal gold trade
Mali has established a new state entity to regulate its burgeoning artisanal gold trade after identifying large discrepancies between officially declared exports and volumes reported by importing countries, the government said.
E&P plans $1.2 billion investment in Damang, Tarkwa mines; dispatches 30 heavy-duty equipment to site
Engineers and Planners Company Limited (E&P) is planning to invest approximately $1.2 billion into its Tarkwa and Damang mines after officially taking over operations from Gold Fields. As part of efforts to strengthen operations and expand capacity, the indigenous mining firm has dispatched thirty (30) semi-knockdown C...
Damang youth back E&P takeover, call for improved healthcare infrastructure
Youth in Damang in the Western Region have thrown their support behind the transition of the Damang Mine to Engineers & Planners (E&P), describing the move as a significant boost for indigenous participation in Ghana’s mining sector. During engagements with Twenty-Four Hour Newspaper over the weekend, residents welcome...
Manso Nkran residents decry poor road conditions despite presence of mining company
Residents of Manso Nkran in the Amansie South District of the Ashanti Region have expressed growing frustration over the poor state of roads leading to the mining community. The roads are riddled with potholes and mud, making movement difficult for commuters and drivers who use the stretch daily. Residents say limited...
Bright Simons writes: All the filla in the Ibrahim Mahama/E&P – Gold Fields saga
I have been inundated with messages from all quarters following my earlier article on the issue of the Damang mine controversy. After my appearance on Newsfile today, the messages spiked. I sense a lot of confusion due to incessant misinformation and spin so I am writing this follow-up article to address some of the ke...
GOLDBOD plans state-owned mines with community stakes, CEO says
The Ghana Gold Board (GOLDBOD) plans to develop and operate its own mines on behalf of the state, with local communities receiving ownership stakes in the projects, chief executive Sammy Gyamfi has said. Speaking during an engagement with members of the National House of Chiefs on Friday (29 May) Gyamfi said the govern...
Ghana can become West Africa’s gold refining hub with right incentives — Chamber of Mines
The Ghana Chamber of Mines has backed the objectives of the Ghana Accelerated National Reserve Accumulation Programme (GANRAP), but has called for the initiative to evolve into an incentive-based system that promotes long-term local gold processing and refining.
Gomashie urges President Mahama: appoint independent transaction adviser on Damang deal
Ghanaian policy analyst, Wisdom Gomashie has urged President Mahama to appoint an independent transaction adviser to review the selection of Engineers & Planners (E&P) in the ongoing Damang mine takeover, citing the need for transparency and value for money. Speaking on The Forum on Asaase Radio on Saturday (11 April),...