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Accra, Ghana, October 22, 2019-Stakeholders in Ghanas mining industry have discussed issues impeding the smooth implementation of the countrys local content programme in the mining industry. The stakeholders including manufacturers, suppliers, Minerals Commissions, and senior government officials at a days workshop organized by the ...
2020-1-272 General legislation with provisions that relate to local content for example, tax laws with incentives for local procurement or employment in any industry, was not included in the review. The review included dedicated mining or petroleum sector or specific local content legislation, regulations, policy and contracts.
The effort towards raising the use of local content in the oil and gas industry has been presented by government as one being done to prevent the long standing situation in the mining industry - which is widely seen as an enclave one, dominated by foreign enterprises with very little linkage to local economic activity - from being replicated in ...
2020-6-9The Mining industry procured 73 per cent of their imputs from local supplies as part of a deliberate effort to enhance the local content regulations in the country. The aim is to attain 100 per ...
Four institutions will meet on Thursday, March 14, to discuss ways to enhance the participation of local companies in the supply of inputs to the mining industry. The Ghana Chamber of Mines, the ...
2018-9-9Local Content Ghana the quantumpercentage of locally produced materials, personnel, financing, goods and services used in the oil industry and which can be measured in monetary terms. Local Participation the level of Ghanaian equity ownership in the oil and gas industry Local Content
2015-6-26Representatives of government, civil society organisations, mining communities, and industry have discussed the governance around local content policies for Ghanas mining sector, the Australian High Commission, said on Wednesday.
The Ghana Integrated Aluminium Development Corporation GIADEC was established under an Act of Parliament in 2018. Its board was sworn in in March 2019. The GIADEC is mandated to promote and develop an integrated aluminium industry from the mining of bauxite through to the refining, smelting, and marketing of finished products. Local content
2019-2-27Ghana began working on local content policies since 2010. The tone was set by the enactment of the Minerals and Mining General Regulations, 2012-LI 2173 as a local content policy in the mining sector. This was followed by that of the oil and gas industry - Petroleum Local Content
2015-12-21Local Content After Local Content Average Industry Spend US Billion US20 Billion 4 billion locally Contribution to National Revenue 71 80 Contribution to Export earnings 90 97 Contribution to GDP 12 25 Local Value Added 10-15 40 Use of
2019-12-42 General legislation with provisions that relate to local content for example, tax laws with incentives for local procurement or employment in any industry, was not included in the review. The review included dedicated mining or petroleum sector or specific local content legislation, regulations, policy and contracts.
2019-2-25Local Content Policies In Minerals-Exporting Countries The Case of Ghana Economic context The Ghanaian economy has performed well since 2000s with an average GDP growth of 6.5 in 2000s to 7.3 in 2013 WB, 2015. However, the economic growth has recently slowed 3.9 in
Speaking on how cheap imports, lax regulations and trade malpractices were undermining the growth of local industries, Mr Oteng-Gyasi said the disregard for the local content regulation was rampant in the mining sector, where the firms were largely allowed to import
2019-12-28The decision to change Act 2012 LI.2173 forms part of governments effort to promote local content in the mining industry, particularly in the manufacturing and service sectors, aimed at ...
Strengthening the mining sectors contribution to local and national development is the theme of a 1-2 November 2017 meeting in Accra. With annual mining procurement exceeding 1 billion, the meeting will see the launch of an innovative National Suppliers Development Programme NSPD that aims to secure a greater share of this market for Ghanaian firms.
2019-4-24Local Content Policies in the Mining Sector Scaling up local procurement 1.0 INTRODUCTION In a large number of resource-rich countries, the mining sector is an important driver of growth, in particular during commodity boom periods. This is a result of large investment inflows and revenue generation essentially driven by exports.
The Ghana Chamber of Mines is leading the digital agenda and raising the status quo in corporate governance with the introduction of an online portal that will provide copious information to the industry players and particularly serve as a reference point for investors in other sectors of the economy.
Local content policies are often hard to withdraw even though they are meant to be temporary provisions. Local content laws may provide opportunities for corruption if not effectively monitored. 4. Country cases in the oil and gas industry Ghana made its local content law more effective by revising it to include
The Government, through the Ministry of Lands and Natural Resources, is currently developing a new local content law to consolidate existing legislation in the extractive industry.
2019-10-24The event was on the theme Harnessing the opportunities within the mining industrys local content the journey so far and way forward. The Chief Executive Officer of the Ghana Chamber of Mines, Mr. Sulemana Koney emphasised the need for all stakeholders to collaborate effectively for the growth of the industry. Source GNA
Recognizing the need for a comprehensive development policy framework in the mining sector, a new local content law is currently being worked on to complement the existing legislation. This is under the auspices of the Ministry of Lands and Natural resources, Minerals Commission, the Ghana Chamber of Mines and various key stakeholders in the ...
2013-9-27FOR LOCAL CONTENT IN GHANA Presented by Richard Kofi Afenu . Manager, Sectoral Policy Planning . Minerals Commission, Accra, Ghana. kofiafenugmail.com . MINING SUSTAINABLE DEVELOPMENT FORUM 25-26 th September, 2013, Accra, Ghana
The Head of Mining and Metals at Stanbic Bank, Juliet Sheiddy Akamboe, has urged policy makers and regulators in the extractive industry to create access for local content to help the mining sector thrive.
2020-6-12Ghana mining guide . Executive summary . Ghana presents a number of opportunities in the mining sector, especially in the gold industry. It is the second largest gold producer in Africa, after South Africa and 10th largest globally. The other important mineral resources are oil, diamond, bauxite used in the manufacturing of aluminum, and ...
Newmont Ghana has been at the forefront of encouraging local procurement since it started commenced business in 2006. The company ensures that Ghanaian-owned companies are considered for contracts through fair and transparent processes, and holds capacity building programs for local businesses in its Ahafo and Akyem host communities. This makes it possible for local companies to provide ...
2013-9-27Mining and Local Content The Chamber of Mines and its members gave meaning to local content when they signed a memorandum of understanding with the Minerals Commission and IFC in 2011. The World Bank reckons that Ghana is leading the way in terms of local content strategy and development within the mining industry.
2018-11-9strengthen local content regulatory frameworks for creating sustainable domestic production linkages in the ECCAS region and improve regulatory compliance with a view to enhance the benefits of the oil and gas industry to the economies of resource owners.