Ghana seeks to create a framework for holistic development of mining to derive greater economic value from its mining sector, Minister for Lands and Natural Resources, John Peter Amewu, has said.
Speaking to Xinhua on Wednesday at the pre-launch of the Ghana National Suppliers’ Development Program (GNSDP), Amewu said the greatest challenge facing the country’s mining sector was the absence of this framework.
“The main challenge in the mining sector has to do with how we derive some form of benefit from the downside linkages. Because for the purpose of value addition it is important to create the framework that will enable the citizens to participate along that line,” Amewu said.
He argued that it was high time countries departed from over-reliance on rent-seeking methods of natural resource governance.
“What a country will benefit from is the linkages … There is that gap as downstream linkages so that is a huge challenge, because if we are able to tackle and solve that problem the growth of Ghana will be huge,” Amewu said.
Ghana is the second largest exporter of gold on the continent after South Africa. Ghana recorded a 55-percent rise in the value of its total gold output from 3.32 billion U.S. dollars in 2015 to 5.15 billion dollars in 2016. Total gold output for the West African country also rose 46 percent to a 40 year high of 4.13 million ounces in 2015.
Original post at Xinhua/News Ghana