Minerals Commission

Ghana, The Preferred Mining Destination in Africa. The Preferred Mining Destination in Africa. Ghana is the preferred destination for a perfect blend of mineral resource potential, stable regulatory environment, favourable fiscal regime, and socially responsive mining in Africa.

Gold No. Producer 1 in Africa

Manganese No. Producer 3 in Africa

Bauxite No. Producer 3 in Africa

Many more Minerals Mining In Ghana

Mining in Ghana dates to the 15th century. Ghana's former name – the “Gold Coast” was attributable to the country's abundant gold resources. The mining sector contributes over 11% to Ghana's GDP. Currently, the country is the number one gold producer, number 3 manganese producer and number 3 bauxite producer in Africa. Besides these traditional minerals, there are vast unexploited precious minerals, base metals, industrial minerals, and technology minerals. 7 REASONS WHY GHANA IS YOUR PREFERRED MINING DESTINATION

1. Model Economy

2. Unique geology and mineralisation

3. Robust legal and regulatory framework for mining

4. Reliable infrastructure

5. Favourable fiscal regime for mining

6. Highly skilled mining professionals

7. Responsible environmental and social stewardship Table of Contents

Gallery Ghana in Brief Seven reasons why Geology Map of Ghana ... Ghana at a glance Ghana is your preferred 4 5 6 destination 7

What Minerals Robust Legal and Licensing What Our Laws Offer. 8 to explore 9 Regulatory Framework 10 Procedure 11 Reliable Infrastructure

Favourable About Our Environmental and Fiscal Regime. Mining Professional Social Stewardship 16 Highly Skilled 17 18 Mining Professional Adomi Bridge, Traditional Kente Weaver Adomi Bridge, Atimpoku

Nzulezo, Jomoro District

Akosombo Dam, Akosombo Aboakyre Festival, Winneba

Asantehene in Palanquin Larambaga Mosque, West Gonja

Jubilee House,

Boti Falls, Manya Krobo

Atuabo Gas Power Facility, Atuabo An Adowa Dancer Canopy Walkway, Kakum

Ghana at a glance Ghana in Brief

Ghana has an estimated population of 30.6m (as of 2019) growing up to 2.19% per annum. The country achieved lower middle income status in 2010.

The country's GDP rose from 2.2% in 2015 to 3.4% in 2016, 8.4% in 2017, 6.3% in 2018 to 6.5% in 2019. The forecast for 2020 is 4%.

Mining in Ghana

Mining in Ghana dates to the 15th century. Ghana's former name – the “Gold Coast” was attributable to the country's abundant gold resources. The mining sector contributes over 11% to Ghana's GDP. Currently, the country is the number one gold producer, number 3 manganese producer and number 3 bauxite producer in Africa. Besides these traditional minerals, there are vast unexploited precious minerals, base metals, industrial minerals, and technology minerals.

5 7 Reasons why Ghana is your Preferred Destination

Ghana has …

1. A Model Economy

Stable democracy and resilient economy with average growth rate of 5% over the last 5 years. Ghana is the fastest growing economy in Sub-Saharan Africa. The country is A democratic state, with the most stable political environment in Sub-Saharan Africa, which supports her consistent economic growth. 2. Unique Geology and Mineralisation

Ghana forms part of the West African Craton and underlain by Proterozoic rocks and has enormous mineral resources. There are vast resources especially in six (6) mineralisation belts namely Kibi-Winneba, Ashanti, Sefwi-Bekwai, Bui, Bole-Nangodi and Wa-Lawra. There are also basins in between these belts and are known as Birim, Kumasi (Asankrangwa belt), Sunyani and Maluwe basins. AgIn, there industrial and technology minerals spread across other parts of the country.

Presently, there are more than fourteen (14) producing mines and over 400 exploration operations for various minerals. Importantly, there is a well developed and reliable geoscience database to support mineral operation of any scale. 6 GEOLOGY MAP OF GHANA SHOWING THE GOLD MINERALISATION BELTS

Legend

Dahomeyan Supergroup

Voltaian Supergroup, Kwahu-’Morago’ group

Togo Structural Unit

Birimian Supergroup

Accraian Group

Sub Volcanic Intrusive Rocks

Mesozoic

Tarkwaian Group

Voltarian Supergroup, Obosum Group

Voltarian Supergroup, Oti-Pendjari Group

Buem Structural Unit

Birimian Volcanic Rocks

‘Tamnean’ Plutonic Suite

Eburnean Plutonic Suite

Amisian Group

Sekondian Group

Apollonian Group

Gneisses from Birimian Protoliths

Gold Belt

7 W h a t m i n e r a l s t o e x p l o r e ?

I. Precious minerals – gold and silver are found in the six belts and four basins.

ii. Gemstones – diamonds (within the Birim basin)

iii. Base metals – aluminium (bauxite), iron, copper, lead, nickel, zinc, cobalt, chromium, vanadium, manganese, magnesium.

iv. Technology minerals – lithium, cobalt, graphite, columbite and tantalite.

v. Industrial minerals and dimension stone – salt, gypsum, clay, granite, schist, limestone, gneiss, silica sand, and feldspar.

3. Robust legal and regulatory framework for mining

Ghana boasts of the most stable and transparent legal and regulatory regime for mining in Africa. The mining laws and regulations are industry-focused and cover all aspects of the mining life cycle. Ghana's mining laws continue to be the blueprint for the mining laws of many countries in Africa and South America.

8 What our laws offer:

i. clear mineral right acquisition and licensing regime

ii. security of tenure for mineral right holders

iii. constitutional guarantees against expropriation and nationalisation

iv. transparent dispute settlement regime, including the right of the investor to international dispute resolution fora.

v. clear rules on health, safety, and environmental permitting

9 LICENSING PROCEDURE FOR MINERAL RIGHT APPLICATION

Receipt and Recording 10 Days to Correct Errors of Application

5 Days for Review 5 Days notification of of Application errors if any Minister, on proof of payment of applicable fees, Issues License to 15 Days after recording, applicant within 30 days publish in the gazette, 21 Days, stakeholders submit concerns about after the date of notify chiefs, traditional acceptance of the grant authorities, etc., through Application MC District Officers Institutional Technical Committee (ITC) Within 60 days, applicant 30 Days, Commission Environmental Protection Agency pays applicable fees and considers application and Ghana Geological Survey Authority gives notice of acceptance recommends to of the grant to Minister Lands Commission Hon. Minister and Commission in Water Resources Commission Writing Forestry Commission Within 60 Days, Minister takes decision on Application 21 Days notification to applicant and fees payable if approved. Approved / Rejected Reasons given if rejected.

10 4. Reliable Infrastructure

Ghana has well-developed infrastructure which supports mining operations of any scale.

Our reliable infrastructural mix:

I. Energy – Ghana boasts of stable and affordable energy supply. There is a mix of hydro and thermal sources of energy available year round. Ghana is a net exporter of energy to other West African countries.

11 Ameri Karpower

12 ii. Transportation – Ghana has reliable network of air and road transportation system. Our railway systems, which are undergoing massive expansion and modernization, connect to our major mineral resource areas.

13 iii. Airports and Harbours: Ghana has two harbours in the cities of Takoradi and . There is one international airport (Kotoka International Airport) and 3 major local airports at Kumasi, Takoradi and Tamale.

14 iv. Telecommunication – Ghana has modern, reliable, and well-connected telecommunication network. For a population of a little over 30 million, Ghana enjoyed penetration rate of 135.30% (40.86 million) for mobile voice subscriptions and 99.24% (29.96 million) for mobile data at the end of 2019. 15 5. Favourable Fiscal Regime for Mining

Ghana has one of the most favourable fiscal regimes for mining in the world. The tax laws and fiscal instruments for mining are industry-friendly and provide competitive incentives to the investor. What benefits are there for the investor? i. competitive rates of royalty and corporate income tax ii. transferability of capital iii. concessionary rates and exemption on some imported mining inputs.

6. Highly skilled Mining Professionals

Ghana has highly-skilled mining professionals who are among the most sought after in the global mining industry.

16 About our mining professionals:

i. Our mining professionals cut across the full mining life cycle – from exploration, development, mining up to the beneficiation of minerals.

ii. Our top public universities provide dedicated courses in minerals and mining.

iii. Our mining regulator runs competency-based continuous training and development programmes for our mining professionals.

17 7. Responsible Environmental and Social Stewardship

Ghana promotes environmentally responsible and socially inclusive mining.

18 How we ensure environmental and social stewardship:

I. Ghana has a rigorous environmental protection regime that ensures that mining is done in a modern, safe, and environmentally responsible manner.

ii. The country has signed on to global industry standards for socially responsible mining including the Extractive Industry Transparency Initiative, Minamata Convention, Kimberly Process Certification, and the Worst Forms of Child Labour Convention.

iii. Ghana is at the forefront of gender mainstreaming in the mining sector in Africa.

iv. The country is also positioning itself for the global green/renewable energy revolution.

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Mineral House #12 Switchback Rd. Cantonments Accra GL-060-1131 030 2773053 / 030 2771318 / 030 2779823 030 2773324 [email protected] www.mincom.gov.gh