Investments

Canada to increase mining investments in Ghana

Canada is eager to build on its existing partnership with Ghana, particularly in the mining sector to help government realise its Ghana Beyond Aid Agenda vision.                        

The Canadian Minister in charge of Counsellor and Senior Director for Development programme Christian Tardif said this when he paid a courtesy call on the Lands and Natural Resources Minister, Kwaku Asoma-Cheremeh, Thursday.  

Asoma-Cheremeh with Canadian Minister

The Lands Minister stated that government is in discussions with mining companies in the country to undertake road construction, and rehabilitation works within their catchment areas.

He cited the recent 33km road rehabilitation project by Goldfields Ghana Limited.

Asoma-Cheremeh with Canadian Minister

The asphalt road, which costs over ¢145-million and has a life span of over 20 years, links Tarkwa and Damang, two communities that host Gold Fields’ mines.

The road also serves several communities in the Tarkwa-Nsuaem and Prestea Huni-Valley municipalities. It is the largest-ever public infrastructure project funded by the global Gold Fields Group. 

Mr Asoma-Cheremeh called for more foreign and local investments in the mining sector.

Asoma-Cheremeh with Canadian Minister

In 2018, two-way merchandise trade between Ghana and Canada reached  $264.6 million while import from Ghana to Canada stood at $77.2 million.

Canadian exports included vehicles and beverages and imports from Ghana includes cocoa, rubber, mineral ores and wood.