Ghana wants more investment in its mines. The Minister of Lands and Natural Resources, Samuel Abu Jinapor, reiterated his call for investors and the state's determination to carry out a number of reforms to promote interest in the industry.
"The overall objective of the government in the mining sector is to build a sustainable and environmentally friendly mining industry with strong local content participation that contributes to the country's sustainable development," the minister said.
The world's seventh-largest producer and Africa's largest gold producer after outperforming South Africa in 2018 with a production of over 131 tons, Ghana abounds with several other mineral resources: bauxite, diamond, manganese, phosphates. Mining is the country's largest export and contributes 10% of GDP.
The Ghanaian government has multiplied its strategies to attract investment in various sectors in recent years. Foreign investors have responded positively to these calls. This is how global hotel groups have set foot or expanded in this West African market. With the assembly plants of Volkswagen and Toyota, the automotive industry continues to realize its African ambitions in Ghana.
Relying on its political stability and economic dynamism, the government intends to create a business environment favorable to investment in all components of the mining industry, from exploration to exploitation. The country's officials also made a strong presence at the Mining Indaba conference, taking place from May 9 to 12 in Cape Town, South Africa.
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