We are working to keep Ghana as No1 producer of gold in Africa, 6th in the world – Samuel Jinapor

Must Read

After Ghana grabbed the top spot as the leading producer of gold in Africa from South Africa in 2019, government is working tirelessly to maintain the country at the top spot in Africa and 6th in the whole world; Minister for Land and Natural Resources, Samuel Abu Jinapor has disclosed.

According to the Minister, his outfit in collaboration with the Minerals Commission is putting in place measures which will ensure efficient and sustainable mining and hence improve the country’s revenue earned from its precious minerals.

Speaking at the Ministers’ Press Briefing on Tuesday, Samuel Abu Jinapor explained that the mandate of the Ministry of Lands and Natural Resources as well as the Minerals Commission goes beyond the fight against illegal mining activities.

He added that it is a very important sector which, when managed well will continue to generate significant revenue to the country.

“There is a lot more we do than dealing with galamsey. It is a major sector. A large scale mining sector. A very significant sector of the economy which the ministry and the Minerals Commission manage. We work with the Ghana Chamber of Mines and seek to keep Ghana as the number one producer of gold in Africa and the 6th producer of gold in the whole world. It is a lot of work,” Samuel Abu Jinapor told the media.

To achieve this vision, the minister disclosed that a number of interventions and reforms have been undertaken by the Minerals Commission. He stated that the 2022 Budget Statement and Economic Policy of Government outlined some interventions which will help to realize this vision of government.

Notable among these interventions, the minister said, is the proposed reduction in the withholding tax on gold export from small scale mining by 50 percent. According to Samuel Jinapor, this intervention will help curb the problem of smuggling facing the Minerals Commission.

“As you know the budget which was read by the Minister for Finance had a very significant intervention in the small scale mining sector of our country…..  Arising from broad consultations the minister for finance has reduced this withholding tax from 3 percent to 1.5 percent on unprocessed gold and it will be collected at the mining sites,” he explained.

Other interventions the minister mentioned include the digitization of the operations of the minerals commission, logistical improvement, enforcement of the Environment Health and Safety laws, promoting of sustainable and efficient mining among others.


SourceABC News

Submit your stories or articles to [email protected] or Whatsapp them to +233 553620623

- Advertisement -


Latest News

Rafael Nadal beats Francisco Cerundolo in thriller to book place in Wimbledon second round

Spain's Rafael Nadal continued his bid for an improbable calendar Grand Slam by fighting off Francisco Cerundolo to win...

More Articles Like This

%d bloggers like this: