Accra, Ghana

GSE Feed

Forex Rate


GH¢1.14 bn needed to restore galamsey affected lands in Western region


It will cost Ghana at least GH¢1.4 billion to restore about fifty percent of lands affected by illegal mining activities in the Western region. This is the suggestion from some environmental analysts. The attention by policy makers have intensified recently following the alarming rate of the devastating impacts of illegal mining activities on the environment. The development has since resulted ...

Read More »

Amenfi East, Tarkwa, Prestea Huni Valley most affected by galamsey – Study


A study on the impact of the galamsey activities in the Western region has shown that the Amenfi East, Tarkwa Nsuaem and Prestea Huni Valley districts are the most impacted districts in terms of operational footprint. According to the study, the galamsey operators have destroyed 58.272%, 17.532% and 8.452% of the land sizes of the aforementioned areas respectively. The survey ...

Read More »

Galamsey operators suspend activities in support of ending the menace

Env't, Sci, Tech& Innovation Minister, Prof. Frempong Boateng with the representatives of the galamsey operators

Some galamsey operators in four districts of the Western region have pledged to suspend their activities in support of government’s fight to end the menace. They contend that the devastating impact of their activities is affecting themselves and other innocent lives. The Spokeperson for the galamsey operators, Nana Ntori Bonkyi Akomea  made their intent known when they met with the ...

Read More »

Reduce demand for galamsey gold- Chamber of Mines


The Ghana Chamber of Mines has charged the government to work at reducing the demand for gold produced by illegal miners as a measure of checking galamsey. According to the chamber, the high demand for gold mined by galamsey operators is an incentive that drives investment in to the area. Issues of galamsey has become topical due to its devastating ...

Read More »

Galamsey polluting Ivory Coast’s water bodies

Prof Frimpong Boateng - Minister of Env't, Science, Tech & Innovation

Ivorian authorities want the government of Ghana to stop the activities of illegal miners as the menace is impacting negatively on the country’s water resources. Ivorian water bodies that take their sources from the Western region of Ghana are heavily polluted and the situation is expected to worsen if unchecked. The concerns were raised during a visit to the country ...

Read More »

Ghana to lose agric lands to galamsey – Agric workers


The General Agricultural Workers Union (GAWU) has cautioned that Ghana risks losing its agricultural lands in the near future due to increasing galamsey activities. According to GAWU, food production may drop massively if the issue of galamsey is not addressed immediately. The development has also caused some farmers to abandon their farm activities and relocate to nearby communities to prevent ...

Read More »

Ameri deal to be abrogated over $ 150m ‘bloated’ commission

Ameri Power Plant in Ghana

The committee charged to review, restructure and recommend areas of amendment of the Ameri power deal, has recommended that the deal be re-negotiated or abrogated on grounds of fraud, after it emerged that Ghana was made to pay 150 million dollars extra in commission to Africa & Middle East Resources Investment Group LLC (Ameri Energy) for the construction of the ...

Read More »

Goldfields pays 0.5 billion cedis in taxes for 2016


Goldfields Ghana Limited has emerged as the largest taxpayer for the government of Ghana in 2016. The mining firm paid 501 million cedis (0.5 billion cedis) in direct and indirect taxes to the Ghana Revenue Authority (GRA). Of the amount, Royalties accounted for the highest. The company paid 196 million cedis in Royalties representing 39.12 percent of the total tax ...

Read More »

Mines Chamber urges caution on listing multinationals on the Stock Exchange


Mining industry players are calling for detailed discussions on the implementation of policies seeking to charge multinationals to list on the Ghana Stock Exchange (GSE). They have cautioned of possible concerns over the likelihood of a reduction in stake for major shareholders (dilution of ownership) of mining companies due to the new law. “I think it is difficult to tell ...

Read More »

Refineries threaten boycott of Ghana gold over galamsey

File Photo

Ghana risks a boycott of its gold by major refineries across the globe if it fails to tackle illegal mining activities in the short term. This is the caution from industry players. According to them, the country also risks huge revenue losses from small scale mining which accounts for about thirty percent of the total gold output. “We risk losing ...

Read More »
Ghana Business News