Ghana Launches 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil/Gas Reports Covering the Period 2020
The Multi-Stakeholder Group (MSG) of the Ghana Extractive Industries Transparency Initiative (GHEITI) has today, formally launched the country’s 2020 Mining and Oil/Gas EITI reports, published on December 31, 2022. The MSG is a tripartite body made up of Government, Industry and Civil Society, with the responsibility of steering the affairs of GHEITI.
US$1.3bn fertiliser complex to be operational in 3yrs
Government has joined forces with OCP Group, a Moroccan company, to complete the front-end engineering design (FEED) for a US$1.3billion fertiliser complex at Takoradi, in a bid to diversify the economy and reduce reliance on oil and gas resources.
Regulatory reforms augur well for resource governance
The deputy Minister of Lands and Natural Resources, George Mireku Duker, has lauded the significant progress of the natural resource governance framework in recent years, citing regulatory reforms – particularly institution of the Fiscal Responsibility Act and Minerals Income Investment Fund Act.
Total volume of gold produced declines – 2022 EITI report
The total volume of gold produced declined from 4.577 million ounces in 2019 to 4.023 million ounces in 2020, representing a downturn of 12 percent, the 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report has revealed.
34,363 people were employed by large-scale mines in Ghana – 2022 EITI Mining & Oil/Gas Report
The 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report has revealed that the mining and quarrying sector’s share in Ghana’s Gross Domestic Product (GDP) reduced marginally from 7.8 percent in 2019 to 7.6 percent in 2020.