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The Minister of Lands and Natural Resources Mr Kwaku Asomah Cheremeh, has called for a collaboration between investors to take advantage of the abundant industrial minerals as a development project for the country.
Ghana is has abundant iron ore and base metals, copper, zinc,nickel,chrome and lead, which could be used appropriately to boast the economy of the nation.
Mr Asomah was present at the 10th West and Central Africa (WaCA) mining summit and Expo themed Energising for Growth and Profitability at Magenta Global. During which he urged the West and Central African governments to continuously implement mining-friendly policies to sustain achievements in the volumes of mineral production in the regions.
Ghana initiated measures to improve the transparency of the rent and taxes regimes of the sector.
“This is coupled with the beatification and value addition of the minerals mined to promote the growth of the sector,” he said.
Mr Cheremeh said in line with this, the Ghana Integrated Aluminium Corporation and the Ghana Integrated Iron and Steel Development were established to ensure value development along the entire supply chain of the bauxite and iron resources.
Mr Martin Ayisi, the Deputy Chief Executive Officer at the Minerals Commission of Ghana, speaking on the topic: “Investment Opportunities in Ghana’s Mining and Mineral Sector”, said players should consider providing mines support services to the industry because it held numerous potentials.
There are currently 236 companies registered with the Commission providing mines support services such as laboratory, contract mining, exploration services and equipment supply.
Mr Ayisi said by December, this year, the Commission would go paperless and launch all of its operations online to ease the means of doing businesses with clients for greater efficiency.
For her part, Madam Maggie Tan, the CEO of Magenta Global, said the mining sector, which employed a lot of people, required a lot of attention from stakeholders to realize its full potential and benefits.