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ACEP demands swift passage of mineral revenue management law

Benjamin Boakye - Executive Director of ACEP

The African Centre for Energy Policy (ACEP) wants the government to make do its promise of passing the Mineral Revenue Management Law to track revenue made in the mining sector. The government is yet to pass the law almost two years into its administration. A development, ACEP believes raises concerns on the future of investments in developing mining communities. The ...

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Newmont deaths: Union demands benefits for contract workers


The Ghana Mine Workers’ Union has told Citi Business News it will not renege on its quest to seek improved working conditions for contract employees in the mining sector. The union maintains that the move should afford such workers all the benefits that are due full time employees and secure their welfare. The remarks follows an accident at Newmont Ghana’s ...

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Six persons die at Newmont Ghana’s Ahafo site

Newmont Ghana

At least six persons have died with others sustaining various degrees of injury following an accident at Newmont Ghana’s Ahafo mine site. The incident occurred on Saturday April 7, 2018. Information available to Citi Business News indicates that the fatalities occurred when a reclaim tunnel roof collapsed on the workers who were engaged as part of the mining company’s Ahafo ...

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Goldfields, Asanko announce 50-50 JV


GoldFields Ghana and Canadian mining company, Asanko Gold have announced a fifty-fifty joint venture partnership agreement on Asanko Gold Mine ‘s concession located in the Ashanti region According to the agreement, Gold Fields will pay Asanko Gold a total of 185 million U.S dollars to buy the 50% interest in Asanko’s concession located in  Nkran and Esaase in the Ashanti. ...

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Amewu blasts AngloGold over ‘propaganda’ local content forum

John Peter Amewu, Minister for Lands and Natural Resources

The Minister for Lands and Natural Resources, John Peter Amewu has lashed out at mining company, AngloGold Ashanti, describing a gathering it organized on local content participation as a ‘propaganda’. Mr. Amewu, who sounded angry and betrayed by AngloGold Ashanti, recounted how the mining company had gone ahead to shortlist two foreign companies for a service government was engaging it ...

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Aker Energy quickens process to start oil drilling in 2021

CEO of Aker Energy - Jan Arve Haugan

Norwegian oil company, Aker Energy, has disclosed to Citi Business News it is hoping to start its oil exploration activities in Ghana by the end of 2021. The company explains that it is working to complete the necessary processes to get clearance from the government to start operations. The CEO of Aker, Jan Arve Haugan outlined the company’s investment plans ...

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ECG will go back to PURC if it make losses


The Managing Director of the Electricity Company of Ghana(ECG), Samuel Boakye-Appiah has given the strongest indication that the power distributing company will not hesitate to go back to the Public Utilities Regulatory Commission(PURC) if the if the implementation of the tariff reduction leads to losses. He stated that even though the ECG was expecting an increase in the tariff, the ...

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ECG tariff reduction to reflect in bills by 1st April

Samuel Boakye-Appiah - MD,ECG

Consumers of electricity should expect the reduction in tariffs from April and not from tomorrow[15th March,2018] as announced by the Public Utilities Regulatory Commission (PURC). This is because the Electricity Company of Ghana (ECG) explains that the implementation cannot reflect on the bills of consumers due to the monthly cycle billing system it uses. The PURC, last week announced that ...

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Parliament to conclude report on Goldfields by end of March


Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi has told Citi Business News the committee will present its report findings on Goldfields to Parliament before it goes on recess. According to him, the committee has engaged the various stakeholders and is in the process of wrapping up their findings to be presented before the House. “Mr. ...

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Layoffs at Goldfields will impact mining sector adversely – Dr. Yao Graham


The Third World Network is predicting a drastic change in large scale mining in Ghana if Goldfields Ghana’s new mining plan is allowed to sail through. According to the Coordinator for the Third World Network, Dr. Yao Graham, this is also likely to impact the revenue from the mining sector going forward. Goldfields Ghana Limited has announced that it is ...

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