Mining kept $5bn in Ghana last year, Chamber CEO says local inputs could keep even more.
The Chief Executive Officer of the Ghana Chamber of Mines, Kenneth Ashigbey said large-scale mining companies associated with the Chamber spent some $25.2 billion in Ghana between 2014 and 2024 on local procurement, operations, employment, infrastructure and other services in the mining value chain, while retaining more than 70 per cent of mining-generated value in the economy. All told, in 2024 some $5 billion of the sector’s $7.05 billion revenue remained in the country through taxes, royalties, salaries and repatriation of foreign exchange. Speaking to the Graphic Digital Studio in Accra, Mr Ashigbey said the sector could help industrialisation by promoting local production of mining inputs such as activated carbon, grinding media and engineering services. He stressed the need for policies, standards and capacity building programmes to support Ghanaian companies to meet international mining standards, expand local supply chains, reduce import dependence and create sustainable jobs and long-term economic growth.
