Tag: Mining
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Developing Western region: Minister Nominee to demand specific allocation
The Western Regional Minister Nominee, Dr. Kwaku Afriyie has disclosed plans to push for legislations to back specific allocation of revenue from the country’s mineral resources to the development of the region. He contends that the region’s contribution to GDP from its enormous resources undeniably places in a critical position to merit specific developmental support.…
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Lands Ministry pushes for review of stability agreements
Lands and Natural Resources Minister, John-Peter Amewu is pushing for Ghana to cancel its stability agreements with major mining companies operating in the country. The Minister Nominee says key in his administration will be to scrap the country’s stability agreements with multinational mining companies. Mr. Amewu asserts that the Ghanaian economy risks being short-changed if…
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Lands Minister Nominee proposes new consolidated revenue management law
The NPP government will introduce a new revenue management law to regulate the use of gold revenue just as is done in the oil sector, Minister Nominee for Lands and Natural Resources, John-Peter Amewu has disclosed. Mr. Amewu argues that the law will among others empower local authorities and residents to track the use of…
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Mining firms adopt renewable energy to reduce costs
Citi Business News has gathered that mining companies in the country have resorted to renewable energy as a supplement to power supply due to the increasing cost of thermal power. Mining companies have complained about the high cost of operating thermal power and the discomfort that comes with it. Speaking to Citi Business News Chief…
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GASSM blames politicians for increase in galamsey operations
The Ghana Association of Small Scale Miners (GASSM) is blaming government and its allied institutions for the rise in illegal mining activities, also known as ‘galamsey’ in the country. The association believes the lack of political will and monitoring by the mandated institutions have led to the destruction of aquatic life as major water bodies…
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Former lands minister calls for regulation of galamsey operations
A former minister of Lands and Natural Resources and now Minister of Roads and Highways Alahaji Inusah Fuseini has called for the licensing of galamsey operators in the country. According to Alahaji Inusah Fuseini the move will ensure proper regulation of the activities of the miners. Speaking to Citi Business News Alahaji Inusah Fuseini said…