Pulse.com.gh logo

Illegal Mining International refineries to reject Ghana’s gold over "galamsey"

Industry players in the mining sector have cautioned authorities over the dire consequences of galamsey on Ghana's mineral revenue as international refineries hints of blacklisting countries that employ unethical mining methods.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

International refineries have hinted at blacklisting countries that employ unethical mining methods and this might become an issue for Ghana.

Industry players in the mining sector have cautioned authorities over the dire consequences of galamsey on Ghana's mineral revenues.

These players believe that, apart from the environmental hazards that galamsey causes, the country also risks losing patronage of its gold by global refineries.

READ ALSO: Police clash with illegal miners: 2 killed

A galamsey is a local artisanal miner in Ghana. These people do mining independent of mining companies, digging small pits and tunnels by hand.

Ghana goldmine banner.jpg play Men mining

In Ghana, mining activities in gold-rich regions can be traced to back to the days of colonialism when the nation was called the Gold Coast. Ghana’s huge mineral wealth places the country tenth, in the world of gold producers.

top-10-gold-producing-countries.jpg play Top ten gold producers in the world

The mining industry in Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, with gold contributing over 90% of the total mineral exports.

READ ALSO: My top agenda is to fight galamsey - Lands Minister

logo.jpg play Gold exported in Ghana

However, the Minerals Commission of Ghana says the country risks losing such benefits due to menaces like galamsey among others.

The Chief Executive Officers of the Minerals Commission, Dr. Toni Aubynn explains that foreign refineries say, the use of children in mining and also unethical standards that pollute the environment will make them boycott the country's gold.

The International Labour Organization estimates that about one million Ghanaian children work in artisanal mining.

This they say is against international mining regulations

e0c1b1cf78d821cd04809bea3e9d3754.jpg play Children mining

Gold refiners hold significant power in the supply chain, as there are few companies who refine most of the world’s gold.

gold-refinery-largest.png play International gold refineries

Reports show that these refineries have been advised to boycott gold from Ghana as a strong measure to eradicate child labour from the supply chains.

READ ALSO: Police officers arrested for robbing miners

The Minerals' Commission in Ghana says some refineries have already hinted plans to boycott gold from Ghana.

However the commission explains that it is pushing hard to draw the line between legal mining and galamsey so as to win some trust in the face of international refineries.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Roshi Motman AirtelTigo CEO resignsbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Economy Bawumia must stop misleading Ghanaians over cedi...bullet
5 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 Economy Of Ghana No profit because of cedi depreciation...bullet
10 First National Bank Ghana launches first-ever cash...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Support Finance minister buys Kantanka carbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
10 Entrepreneurship Creating Success Systems | StartUpSchoolbullet