
Audio By Carbonatix
Mining firms in the country are now mandated by law to procure all their inputs that could be sourced locally.This follows the passage of a new local content law for mining firms as part of regulations under the Minerals and Mining Act of 2006.The Chief Executive of the Minerals Commission Ben Aryee tells JOY BUSINESS, the Mining firms would be required to submit to the commission for approval, a five-year procurement plan in implementing the law.
“This would have to do with how they intend to promote local content. That is what local content they are using or plan to use and the mechanisms they would put in place to develop local enterprises to support the local content agenda” he noted.Government is also expected to come up with a list of items that mining firms should source from, which will be reviewed every year. Mining firms are currently sourcing about 40% of their goods and services from the country.Mr. Aryee also explains the law would be enforced through collaboration between the commission and the Chamber of Mines.“For starters once the item gets on the list they cease to be duty-free if you choose to import them and additional penalties would be imposed depending on much Ghanaian input is included” he noted.Meanwhile, President of the Chamber of Mines, Dan Owuredu last month told JOYBUSIENSS government needs to grow the capacities of local firms to give real meaning to the law.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Boakye Agyarko marks Easter Sunday with a call for Godly leadership ahead of nationwide campaign tour
12 minutes -
Pepsi withdraws as UK festival sponsor after Kanye West backlash
16 minutes -
Pope Leo calls for global leaders to choose peace in his first Easter Mass
24 minutes -
Kpando MP highlights progress on road projects
38 minutes -
Government secures $92m for Engineering and Agriculture University
43 minutes -
Several Ghana-bound vegetable trucks detained in Nigeria
2 hours -
Black Sherif questions Wendy Shay’s absence in “Artiste of the Year” talks ahead of TGMA 2026
3 hours -
Government confirms arrival of 100 new buses to ease transport challenges
3 hours -
$600m tomato imports undermining Ghana’s economy — Chamber of Agribusiness
4 hours -
Rainstorm wreaks havoc: Faulty transformers, feeder failures leave parts of 3 regions without power
5 hours -
CUTS International calls for urgent competition law amid sachet water price hikes
5 hours -
‘I never did this advert’, AI clones hijack Ghanaian identities for profit
5 hours -
25-year-old woman battles trauma after surviving deadly Nkwanta attack
6 hours -
Vice President honoured at Tortsogbeza as South Tongu leaders highlight development needs
6 hours -
Kwahu Business Forum 2026: Corporate citizenship, sustaining African businesses take centre stage with KGL as the case study
7 hours