Ghana focused on building local industries around mining sector for greater economic development: official

The Ghana Minerals Commission Deputy Chief Executive Officer (deputy CEO), Emmanuel Kwamena Anyimah, said during a day’s Mining for Development Forum in Accra, the Ghanaian capital on Tuesday that mining has more to offer the country beyond royalties and taxes.

   Anyimah noted that “mining remains a key pillar of the Ghanaian economy, contributing significantly to foreign exchange generation, government revenue, employment, infrastructure, and investment.”

   “However, our greatest opportunity lies in building industries around mining, developing Ghanaian businesses, strengthening supply chains, expanding mineral processing and refining, creating skilled jobs, and positioning Ghana as a competitive mining services hub for Africa,” the official highlighted.

   According to him, some Ghanaian businesses have already taken the lead, taking advantage of the implementation of local content and local participation policies from the supply chain and mining contracts, and are growing through opportunities created by the mining industry.

   He, however, highlighted that many high-value mining inputs, including specialized equipment, heavy machinery, chemicals, advanced technologies, and engineering components, are still imported.

   “These gaps represent important opportunities. The global demand for gold and critical minerals, together with the energy transition, presents Ghana with a strong opportunity to become a regional center for mineral processing, refining, mining technology, engineering services, and equipment manufacturing,” he highlighted.   

While the Minerals Commission continues to create the enabling environment for investments into mining, Anyimah called for investments into the development of the local support services for the mining sector.