Pulse.com.gh logo
Go


Mining Sector Ivory Coast steals Ghana's birth right again

According to the Ghana Chamber of Mines, Ghana has lost competitiveness in the mining industry to Ivory Coast and Burkina Faso.

  • Published:

As if overtaking Ghana as the number one producer of cocoa is not enough, Ivory Coast is now threatening to usurp Ghana’s position as the number one mining hub in West Africa.

This has been attributed to a reduction in investment in exploration, coupled with reforms in the mining code and security issues posed by illegal mining activities.

play Gold Bars

 

According to recent research by the Ghana Chamber of Mines, Burkina Faso and Cote d’Ivoire have overtaken Ghana in the volumes of investments in new exploration.

READ MORE: Ghana's Economy Mining sector number one revenue source in 2015

Chief Executive Officer of the Ghana Chamber of Mines, Suleimana Kone says Ghana’s reputation as the second biggest mining hub in Africa is fast declining.

play Small-Scale Mining Site in Ghana
 

“Ghana has a reputation, worldwide, of being the biggest mining hub in West Africa, and the second in Africa. However, latest developments have gradually eroded this standing and we can’t take it for granted.”

Mr. Kone expressed worry about the declining levels of new investments and exploration. According to him the future of mining in Ghana is currently unclear.

“One area of concern for us is exploration. We are not seeing that exploration spend and activity which will assure us of stable mining activity and the value chain benefits for our economy in the future”, Suleimana Kone added.

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 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Capital Bank Collapse Here are the roles of a non-executive board chairbullet
3 Bank Collapse Capital Bank Board misused GHC 610 million from BoG –...bullet
4 IMANI Boss Otabil may have been ‘misled’ in Capital Bank collapse...bullet
5 Investment banks in Ghana Top 5 investment banks in Ghana and...bullet
6 Banks Collapse Accounts of defunct Royal Bank managers frozenbullet
7 IMANI Boss Attacking Otabil over Capital Bank collapse...bullet
8 Collapse Bank Here’s what former staffs of Capital Bank...bullet
9 Banking Issues "Collapsed banks didn't fail; they were...bullet
10 Collapsed Bank It’s ‘incorrect’ to implicate me in...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Money Alert Meet Africa's richest womanbullet
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 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business