minerals

Bawumia Promises GSA GH₵10M Annually To Prospect For Minerals
12 Aug

Bawumia Promises GSA GH₵10M Annually To Prospect For Minerals

Wontumi1News,
The flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia has promised to resource the Geological Survey Authority with at least GH₵10 million annually. This is part of the NPP’s efforts to maximise the benefits Ghanaians derive from the exploration of Ghana’s mineral resources Dr Bawumia believes that the current system where companies are given prospecting licences to search for minerals through a ‘trial and error’ process results in the destruction of the environment. “We intend to resource the geological survey department with at least GH₵10 million every year to locate the minerals. This will prevent the trial-and-error process of…
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Proceeds From The Export Of Minerals Increased To $6.998 Billion – Report
08 Jun

Proceeds From The Export Of Minerals Increased To $6.998 Billion – Report

Wontumi2Business,
The 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report has shown that proceeds from the exportation of minerals shot up from US$ 6.678 billion in 2019 to US$ 6.998 billion in 2020. The report, jointly launched by the Minister of State at the Ministry of Finance, John Kumah, and the Deputy of Minister of Lands and Natural Resources responsible for Mining, George Mireku Duker, highlighted that the significant increment translates into a 4.8% year-on-year expansion in mineral revenue. Crude oil contributed 20.1% while cocoa also contributed 16.1%. The mining and quarrying sector’s share in Ghana’s GDP…
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