Commercial mining has a long history in Ghana. On the international market, commercially mined minerals in Ghana such as gold, bauxite, manganese, diamonds, and others are represented. According to the Ghana Chamber of Mines, in 2015, gold production contributed more than 95% of the country’s total mineral revenue. Evidently, gold and other mineral resources contribute significantly to the gross domestic product (GDP) of Ghana. Mineral deposits can be found throughout the country however it is mostly found in the southern sectors of the country; Ashanti, Western, Central, Greater Accra and some parts of the Volta region. Recently, Northern region has shown to have some gold deposits as well.
Water is life, and has direct and indirect correlation with several services and sectors of the economy such as health and welfare, the social and economic life of communities and the country.
The mining sector plays a significant role in the economy of Ghana. It attracts more than half of all foreign direct investment (FDI). It produces more than one-third of all export revenues. It is the principal tax-paying sector and makes a significant contribution to gross domestic product (GDP) as well as creates employment in Ghana.
Minerals exploration and production in Ghana are done on both large-scale and small-scale mining. Generally done by multi-corporations, large-scale mining of gold and other mineral resources involves heavy equipment’s on large franchises of land. This scale of mining and its operations are regulated by different systems of agreements entered into with the government. Because of the parties involved in the agreement, supervision is optimum. Continue Here