Find Mining expertise in Ghana

Ghana is ranked among the world’s top ten producers of gold and 13th among the world’s leading producers of diamond, by volume, in 2010. Between 1998 and 2008 the mining sector attracted an estimated US$7 billion of foreign direct investment. The West African country still lives up to its former name of ‘Gold Coast’ as gold remains central to Ghana’s economy, accounting for more than 80% of the total income from the mineral sector. The country has benefitted from an increase in the global demand for gold and the rising international price in the late 2000s. Bauxite, aluminium, manganese ore, diamonds, trioxide arsenic, hydraulic cement, kaolin, salt, sand and gravel, silica sand, silver, dimension stone, limestone and lime for processing gold ore are also mined. Ghana’s diamond mining industry produces primarily industrial grade gems. Ghana’s mineral sector grew by 10.4% in 2010 and accounted for around 11% of fiscal receipts by the Internal Revenue Service. The mining industry directly employs around 20,000 people, while 6,000 were employed in providing services to the mineral sector, and about 500,000 were employed in small-scale mining of diamond, gold and industrial minerals for the construction sector.

The Minerals and Mining Act (703) 2006 provides the legislative framework for the sector. In March 2011, the Government amended section 25 of this law to allow for the establishment of a fixed 5% royalty rate on total revenues earned from minerals by all companies holding a mining license in Ghana. PricewaterhouseCoopers has calculated that mining companies contribute a lot more to government revenue than just taxes: for every US$1 of corporate income tax contributed, there is another US$1.50 contributed in other amounts. All minerals are owned by the state and the government is entitled to a free-carried equity interest of 10% in all mineral ventures. Unless the proposed investment exceeds $10 million, reconnaissance licenses and mining leases are granted only to Ghanaian citizens in the mining sector.

Mining and Minerals organisations in Ghana
Abosso Goldfields Ltd
Akayet Mining Services
Aluworks Ltd
Asap Vasa Co. Ltd
Ashanti GoldFields Ltd
Auto Gold Impressions Ltd
Corstor Ghana Ltd
F.G. Faraday (Gh) Ltd
Geodrill Ltd
Ghana Bauxite Co. Ltd
Ghanaian-Australian Goldfields Ltd
JessRich Gold Resources Ltd
La Source Development
Marine Mining Corp.
Maxcue Co. Ltd
Ministry of Lands, Forestry and Mines
Naachiaa Plant Pool Ltd
Nana Adaku Adai Mining Group
Niza Mining Group
Red Back Mining / Chirano Gold Mines Ltd
The Ghana Chamber of Mines