What can be done to mitigate the effects of the ongoing retrenchment in the industry?
Ghana Industry
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Interviews & Viewpoints | OBG talks to Nii Osah Mills, Minister of Lands and Natural Resources from The Report: Ghana 2014
Articles & Analysis | Efforts are ongoing to formalise small miners from The Report: Ghana 2014
Although often overlooked by outside investors, small miners play a central role in Ghana’s gold industry. Counting groups and individuals, both regulated and unlicensed, they account for nearly 35% of total production, according to 2013 figures from the Minerals Commission. As the Ghana Chamber of Mines (GCM) points out, this is 10 percentage points higher than Gold...
Chapter | Industry & Retail from The Report: Ghana 2014
In spite of its role as one of Africa’s fastest growing economies, Ghana has yet to fully transition its agriculture and resource commodities base into a vibrant and diversified industrial sector. According to the Ghana Statistical Service (GSS), industry accounted for 28.6% of GDP in 2013. While not the region’s largest market, Ghana does provide a range of competitive advantages, including a...
Mining and quarrying contributed 9.8% of Ghana’s GDP in 2013, up from 9.5% in 2012, according to the Ghana Chamber of Mines (GCM), the main industry association. Nevertheless, the sector had a subdued year in 2013 and was affected by a range of factors that hit the industry globally. So important is mining to Ghana’s economy that its slower performance fed through to lower GDP growth. Total...
Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.