APRIL 2021
The Minerals and Mining industry in Ghana is the latest member of the extractive sector to issue consolidated and dedicated local content and local participation regulations for the sector. The Minerals and Mining (Local Content and Local Participation) Regulations, 2020 (L.I. 2431) (the "Regulations"), which came into force on 16th
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An Overview Of The Minerals And Mining (Local Content And Local
The Local Content Regulations repeals regulations 1 and 2 of the Minerals and Mining (General) Regulations, 2012 (LI 2173) and operators in the mining sector must now turn to the Local Content Regulations for guidance on employing expatriates, training Ghanaians and procuring local goods and services.
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Stakeholders in Ghana's Mining Industry Discuss Ways to Improve Local
Accra, Ghana, October 22, 2019//-Stakeholders in Ghana's mining industry have discussed issues impeding the smooth implementation of the country's local content programme in the mining industry. The stakeholders including manufacturers, suppliers, Minerals Commissions, and senior government officials at a day's workshop organized …
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Local content in Ghana's extractive industries
Expectedly, before the end of this year, Ghana will have new, improved legislation to support increased local content in its mining industry. Importantly, apart from promoting the use of locally manufactured – rather than primarily just locally sourced – mining inputs, the new law will introduce, for the first time, regulations that enforce local …
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Mining, from The Report: Ghana 2022
Mining is a key component of Ghana's national economy; the country is Africa's largest gold producer. The Covid-19 pandemic highlighted the mineral's prominent role, as gold is seen as a safe investment during uncertain times. While the mining sector faces challenges in terms of modernising practices, diversification efforts are forging ahead. Industrial …
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Ghana
The mining industry is the largest tax-paying sector in the country and makes a significant contribution to gross domestic product (GDP) and employment. Ghana's mining sector pre-dates the colonial era. Historically, Ghana was known as the Gold Coast. ... on Minerals and Mining (Local Content and Local Participation), for …
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Development in the Mining Industry in Ghana
Gold Mining in Ghana Development in the Mining Industry in Ghana | Alfred Baku | November 2020 Source: Ghana Chamber of Mines (2019) *Chamber producing member companies only •Gold continues to account for over 90% of total mining revenues •Gold Mining = 10% of national GDP 2018 2019f 2020f 2021f 2022f 2023f
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Local Content and Local Participation
Local Content Regulations (L.I. 2354) -Synopsis. On 22 nd December, 2017, the Energy Commission (Local Content and Local Participation) (Electricity Supply Industry (ESI)) Regulations, 2017, (L.I. 2354) was passed by the Parliament of Ghana into law. The objective of the regulations is to achieve a minimum of fifty-one percent (51%) equity …
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LOCAL CONTENT AND LOCAL PARTICIPATION IN THE …
PROCUREMENT OF GOODS AND SERVICES IN THE MINING INDUSTRY ... The Minerals and Mining (Local Content and Local Participation) Regulations, 2020(L.I.2431) came into force on 22 December 2020. The purpose of the ... General Lubricants (Incorporated in Ghana with Exclusive Ghanaian Directors and Shareholders) 8. Re …
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Local content policies in the mining sector: Lessons, …
to design a local content policy. 1. National supply chain development programme: Tailor-made national programmes, aimed at (i) supporting the development of local supply chains and local workforce, (ii) developing in-country industrial capacity, (iii) supplying the mining industry nationally and beyond, and (iv) creating linkages
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Innovation in the backward linkage firms in Ghana's gold mining …
These interviews were to get a first-hand impression of the firms operating under the local content policy for the mining industry that has been enforced since 2014. The interviews were mainly based on the local content policy and examined the STI policy in Ghana to ascertain its efficacy in developing the innovative capacity of the industry.
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(PDF) The Impact of Mining on the Ghanaian Economy: A …
The mining industry in Ghana operates within a r egulatory framework that governs mining activities. The . Minerals and Mining Act, ... Local Content and Local Par ticipation: ...
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LOCAL CONTENT POLICIES IN THE MINING SECTOR:
Governments adopt local procurement policies essentially to foster greater participation of domestic industries in the mining supply chain. However, there are wider geopolitical, …
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Local Content Compliance: Employment And Training Of …
The object behind Ghana's local content requirement is to ensure the involvement of Ghana's industry, including its national oil company (i.e., Ghana National Petroleum Corporation), in the development of the exploration, production, and decommissioning value and supply chain.
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THE GHANA CHAMBER OF MINES
THE GHANA CHAMBER OF MINES 2020 MINING INDUSTRY STATISTICS AND DATA Page | 5 1.5 Objectives of the Chamber The objectives of the Chamber taking into consideration the strategic challenges for achieving its vision are to: Promote and protect the interests of the mining industry Promote and protect the image of the mining …
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A Contextual Review of the Ghanaian Small-Scale …
4 A Contextual Review of the Ghanaian Small-scale Mining Industry Small-scale mining in Ghana, as in most developing countries, was for decades treated as an informal industrial sector, employing thousands of people but featuring largely rudimentary, unmonitored and uncontrolled practices. Up until the 1980s, small-scale
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Local content
The local content framework is set out briefly in the mining legislation, with more detail provided in the general mining regulations. Unlike in Ghana's petroleum sector, there …
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Local Content Compliance: Employment And Training Of …
The object behind Ghana's local content requirement is to ensure the involvement of Ghana's own industry including its national oil company (i.e Ghana National Petroleum Corporation) in the development of the exploration, production and decommissioning value and supply chain. ... An Overview Of The Minerals And Mining …
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Local content
Synopsis –Ghana mining sector Highlights • The local content framework is set out briefly in the mining legislation, with more detail provided in the general mining regulations. Unlike in Ghana's petroleum sector, there are no regulations dedicated to local content. • The focus of the local content framework is on
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Ghana Chamber of Mines
The purpose of these Regulations is to (a) promote job creation through the use of local expertise, goods and services, businesses and financing in the mining …
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Local Content Day, Information Portal for Mining Launched
The portal will provide in-depth information on mining inputs for local manufacturers and suppliers to the mining industry. Speaking at the launch of the local content day and the online portal the President of the Ghana Chamber of Mines, Mr. Kwame Addo-Kufuor, said the portal would support potential investors and local entrepreneurs who can ...
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The Mining Industry in Ghana: A Blessing or a Curse
International Journal of Business and Social Science Vol. 2 No. 12; July 2011 64 There is growing evidence that the sector forms a large source of government revenues in most mining
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Local content implementation and development in …
2.1 Contemporary discussions on Ghana's local content policy Refs. [8, 14] noted that the concept of local content in Ghana predates the Minerals and Mining Law, 2006 (Act, 703) and the Minerals and Mining (General) Regulations, 2012 (LI, 2173), which both introduced a local content framework to Ghana's longstanding mining sector.
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Local Content
WHAT IS LOCAL CONTENT AND PARTICIPATIONLocal Content refers to the quantum/percentage of locally produced materials, personnel, financing, goods and services rendered to the oil industry and which can be measured in monetary terms.Local Participation refers to the level of Ghanaian Ownership in the oil and gas industry.To …
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Local content implementation and development in Ghana's …
In this study, how Ghana can use local content policy in upstream oil and gas operations to maximum economic and social benefits for the good of the Ghana …
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Ghana Mining Sector
On January 1, 2023, Ghana published the fifth edition of Ghana's procurement list associated with Legislative Instrument 2431, which immediately went into force. This revision further expanded the number and type of goods and services that companies operating in Ghana's mining sector must buy from local Ghanaian companies.
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Mining companies reach 73% local content
The 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.
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Increasing local content and participation in Africa's mining …
In Ghana, local content and local participation requirements are not novel to the mining sector. They exist in various regulatory instruments. However, with the introduction of the Minerals and Mining (Local Content and Local Participation) Regulations, 2020 (LI 2431) (Local Content Regulations) in December 2020, we have …
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Local Content Policies In Minerals-Exporting Countries: …
Although the mining industry accounted for only 1.7% of GDP in 2013, the latter contribution is actually bigger if the entire value chain is taken into account. As shown in Figure 1, the mining sector ... Local content in Ghana: legal frameworks and practical applications Since the 1980s, with economic reforms resulting from structural ...
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