The vicissitudes of mineral policy in Ghana

  • Tsikata F
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Abstract

Since colonial times, mineral policy in Ghana has concentrated on gold, diamonds, bauxite and manganese for export. After Ghana obtained independence from Britain in 1957, the basic framework of mineral rights was revised and a new regime established. The state became owner of minerals in the ground. State enterprises were involved in production and marketing of minerals. A restrictive exchange control regime and high fiscal imposts affected the mining sector. A radical change of policy has occurred since 1983, aimed at encouraging and regulating both large and small-scale mining for export. An increased portion of revenue from mining is being allocated to the communities directly affected by the operations. Consideration is being given to the development of industrial minerals for local use or processing.

Author-supplied keywords

  • AFRC
  • AGC
  • Armed Forces Revolutionary Council
  • Ashanti Goldfields Company Limited/Ashanti Goldfie
  • CAST
  • Consolidated African Selection Trust
  • DMC
  • Diamond Marketing Corporation
  • GCD
  • Ghana Consolidated Diamonds Limited
  • Ghana National Mang

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Authors

  • Fui S Tsikata

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