The Deputy Minister for Lands and Natural Resources responsible for mining, Mr George Mireku Duker, has indicated the government’s determination to sanitize the small-scale mining industry to stimulate the interest of investors in the sector.
Addressing a five-member delegation from Ansong Askew Company Limited, a mining company based in Peru, on Wednesday, Mr Duker said Ghana has the best mining regulatory structure on the continent.
He noted that any investment that gives advantages to mining communities without compromising the environment is welcomed.
“Ghana has a well-regulated industry… We have a legal framework. Democratically, we all know Ghana is one of the most stable countries in sub-Saharan Africa and choosing Ghana as the place for your entry to Africa is the right choice,” he said.
Mr James Askew, the Chief Executive Officer of Ansong Askew Company Limited, outlined the processing capacity of the company, indicating that it is the biggest gold exporter in Peru.
He noted that the company can transform Ghanaian small-scale mining as it operates transparently and ensures the traceability of the minerals it purchases.
He added that the company raised over $200m from exportations last year with 97% of the proceeds staying in Peru.
Mr Askew said the company was aware that Ghana has banned the use of mercury for mining, adding that the company would not conduct its activities in a way that would have negative ramifications on the country’s environment.
After learning about the company’s capacity and commitment to the protection of local interest, the Deputy Minister expressed delight, indicating that it aligns with the government’s policy and plan for the sector.
He further disclosed that over 95% of revenue circulation in the Ghanaian mining economy is in accordance with Act 703, which dictates that the small-scale mining sector should be preserved for Ghanaians.
He assured the delegation that the ministry would take measures to facilitate its smooth establishment in Ghana.
