Tag: Chamber of mines
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Growth and Sustainability Levy will jeopardize business operations – Ghana Chamber of Mines
The Ghana Chamber of Mines is impressing on government to have a deeper engagement with players within the mining industry to reconsider the Growth and Sustainability Levy as it has a crippling effect on the sector. This follows the implementation of the Growth and Sustainability Levy and two other new taxes on Monday, May 1,…
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Chamber of Mines calls for better engagement with stakeholders to sustain mining sector growth
The Ghana Chamber of Mines has called for prioritization of improved collaboration among all stakeholders in the mining sector in the coming year. This, the chamber says, will ensure sustained growth of the sector, which continues to be a key driver of economic growth in the country. According to the 2020 budget Statement and Economic…
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Mining companies resolve to deepen partnership with government
Mining companies have resolved to deepen their partnership with government in the coming year to have their concerns addressed. The Chamber of Mines says this will also ensure that government continues to create a conducive environment for mining companies to operate, while they also fulfill their obligations to the state. Among some of the concerns…
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Chamber of Mines releases names of gov’t reps on boards of mining firms
The Ghana Chamber of Mines has provided the names of the government’s representatives on the Boards of some mining companies cited for depriving the state of revenue in the form of dividends. The list however falls short of two of the companies that have been identified as not paying dividends to the state. The representatives…
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Mining firms expectant of gold price boom as prices pick up
Mining companies are expecting gold prices to sustain the increase for this year to impact on their profits. The price of the commodity has since 2016 failed to see significant increases as projected by mining firms. The drop in price has affected the profits of the mining industry which has also impacted their contribution in…
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Asanko Gold wins Mining Company of the Year
Asanko Gold Ghana has been named as the Mining Company of the Year 2017. It was awarded at the annual Ghana Mining Industry Awards Ceremony last Friday [November 30, 2018]. Asanko Gold Ghana also picked award for the “Best Performer in Innovation” Awards. Congratulating the team, Peter Breese, President & CEO of Asanko Gold Inc,…
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ACEP demands swift passage of mineral revenue management law
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…
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Businesses track ECG on reimbursement promise
Businesses are expecting that the Electricity Company of Ghana (ECG) would live by its assurance of implementing the reduction in electricity tariffs from the 1st of April as announced. Even though the reduction has been initially scheduled to take effect today, ECG maintains consumers should see it reflect from next month due to the monthly…
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Reduced tariffs: Mining firms to save 3 million dollars annually
Businesses particularly those in the mining sector, are expected to save millions of dollars to be channeled into other investments to grow their companies following the reduction in electricity tariffs. The Public Utilities Regulatory Commission (PURC), on Monday, March 5, 2018, announced that electricity tariffs will go down between 10 and 30 percent for various…
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Mining firms demand economic respite despite boost in revenue
Mining companies operating in Ghana have renewed their plea for government to reduce the relative high operational cost which they say is impacting their activities. They contend that the development has compelled some companies to relocate to neighbouring Ivory Coast while Burkina Faso and Mali continue to attract new exploration activities compared to Ghana. The…