The Deputy Minister for Lands and Natural Resources, George Mireku Duker, says the government is determined to build a mining sector which is resilient and fortified enough to withstand the next global crisis.
Delivering the keynote address at the opening day of the West African Institute of Mining Metallurgy and Petroleum (WAIMM) Annual Industry Conference on Tuesday, January 17, 2023, Mr. Mireku Duker said the mining industry was not spared from the dire impact of the twin crisis of COVID-19 and Russia-Ukraine war.
He disclosed that the industry was badly hit but the government as part of its economic reform is introducing new policies that will lead to the creation of an economy that will be able to repel the shocks of the next global crisis.
According to the Deputy Minister, the mining industry has taken the lead in the reformation drive by promoting responsible and sustainable mining practices.
Mr. Mireku Duker said the theme for the two-day conference which is “Building A Resilient and Sustainable Natural Resources Industry Beyond Global Pandemic” ties in perfectly with the new direction being pursued by the government in the extractive sector.
He was optimistic that the conference will provide a platform for the exchange of ideas on addressing the problems that hit the sector due to the crises.
“The conference also seeks to provide the platform for discussing appropriate and innovative ways of addressing global and national challenges confronting national development through mining”, he added.
“I’m also glad to learn that the event is dedicated to not only knowledge sharing and the dissemination of innovations but also to developing existing business interest in the country and promoting new opportunities in the value chain of the oil and gas and mining sectors”, he added.
Mr. Mireku Duker said that the mining sector has for centuries served as the bedrock for Ghana’s socio-economic development and that every policy initiative rolled out is geared towards the purgation of the industry to enhance revenue generation capacity.
He noted for example that in 2021, gold contributed about 16.48% of government revenue and 35.6% in total merchandize exports. He added that the country generated export revenue of $5.083 billion from the exportation of 2.820million ounces of gold.
Mr. Mireku Duker explained that the government is pursuing a drive to diversify the mining sector by creating a refinery hub for bauxite and iron in the country.
The 5th annual WAIMM Industry Conference WAIC2022 seeks to provide an excellent opportunity for networking, high-end industry solutions, latest development in industry practices and operations, technological and technical recommendations to solve industry challenges and knowledge sharing with experts and both local and international consultants.
The conference features industry leaders and experts in a packed program of key note presentations and panels discussing policies, operations, investment strategies, diversity & inclusion, global exploration and commodity trends and industry sustainability.
- 3 ECG employees charged for stealing ¢2.1m prepaid credits
- Yul Edochie and wife May lose first son
- Parliamentary committee recommends passage of controversial Anti-LGBTQ bill
- Political appointees at Presidency increases to 361
- Power outages imminent as Ghana Gas shuts down Atuabo gas processing plant from April 1
- ECG releases load shedding timetable for March 30 to April 7
- Davido confirms he’s married to Chioma
- Ambulance case: Court orders Ato Forson to open defence
- TikToker Ahuofe ‘Ghana Tupac’ dead
- No ‘Closed Season’ for artisanal fishers if NDC wins power in 2024 – Mahama
- Bawumia launches GRA’s E-Tax Compliance Certificate to facilitate revenue mobilisation
- Photos: Adom FM and Adom TV climax Ghana Month celebration with Durbar
- We were told he’s busy – National Film Authority reacts to Spike Lee’s comments
- New James Bond story ‘On His Majesty’s Secret Service’ commissioned to celebrate King Charles’ coronation
- Where’s the so-called excess capacity? – John Jinapor quizzes government over load shedding timetable
- Gwyneth Paltrow awarded $1 and cleared of fault over ski crash
- We will resume picketing if government fails to honour payment in 2-weeks – Pensioner bondholders
- Anny Osabutey: At what point do we call ourselves a sovereign nation?
- Absa Group announces net zero targets as part of Broader Sustainability/Sustainable Finance Goals
- Adom FM climaxes Ghana Month celebrations with splendid cultural durbar
- Yaw Nsarkoh: Avoiding the new marketing myopia – returning marketing to its noble roots
- Gold Mafia: Zimbabwe’s implicated preacher orders attack on anyone accuses him of smuggling
- Playback: Adom TV climax Ghana Month celebration
- Social media users react to TikToker Ahoufe’s death
- Adomaa opens up about battle with depression