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Some management of the Ghana Chamber of Mines cutting the 90th Anniversary cake

Mining industry potential of sustainable livelihoods

BY ROSEMOND BOATENG ADDAI/Rosemond.adjetey@yahoo.com


 

MR SULEMANU Koney, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, has hinted that the importance of a responsible industry to a nation’s development is the need for one to be responsible in his or her endeavour.

Speaking at the fourth Ghana Mining Industry Awards (GMIA) organised by the Ghana Chambers of Mines and Lindiwe Corporate Service, in Accra, the CEO said the mining industry has not fully explored the potential to significantly create sustainable livelihoods for Ghanaians and contribute deeply to the socio-economic development in the country.

Highlighting on the theme ‘A responsible and sustainable mining industry’, which also climaxed the company’s 90th Anniversary, Mr Koney said the company had been provided with a code of ethics and expressed the wish that such traits would push up both the small and large scale sectors of the mining industry.

He added that the chamber represented the interest of companies involved in mineral exploitation, production and processing in Ghana.

Dr Ernest Addison, Governor of Bank of Ghana (BoG), who was the guest speaker at the event, said as of the end of October total export was close to about 5.8 billion dollars when compared to 2017 total mineral export of six billion US Dollars.

He explained that the fiscal management in terms of contribution of mining royalties to the economy had increased significantly to US$749 million from US$261 million in 2016.

The Governor explained that due to the improvement in the export performance this year by the mainstream export commodities, oil, gold and cocoa, over the last two years, Ghana had swung from a country that recorded trade deficits to one that is currently recording trade surplus.

“It is a major turn-around in our country’s macro-economic fundamentals, which, as you can see, benefitted us sincerely in 2017 with the stability that we saw in the performance of the currency,” he added.

According to him, BoG is interested in the repatriation of foreign exchange and is very happy to note the improvement in the repatriation of all export earnings into the country.

Dr Addison encouraged the chamber to adhere strictly to the retention of dividends even as their domestic financial systems improved, and that the companies that operate in the system should continue to repatriate more of the foreign exchange that they were earning to benefit of the economy.

He said, “Importance of diversification and adding value to our mineral resources in order to improve all the forward and backward linkages in the mining industry. I think this is the best way in which the Ghanaian economy can indeed enjoy the benefit of gold in particular to the local economy.”

At the awards night, the association Journalists for Business Advocacy (JBA) was honoured for advocating responsible corporate entities in the mining industry.

A former member of the Council of State and first female Minister for Mines, Madam Cecilia Bannerman, and Prof Daniel Mireku-Gyimah, the Foundation Vice Chancellor of the University of Mines and Technology, were honoured for an exemplary contribution to the mining practices.

Below is the category of awardees:

Mining Company of the Year Asanko Gold Ghana Ltd,

Mining Personality of the Year: Mr Alwyn Pretorius – Newmont Africa

Lifetime Achievement Award

Noble Peter Sampson

Female Miner of the Year Mrs Joanna Osei Tutu Boakye; and Runner-up Gifty Aframa Gandhi

Best Performer in Innovation: Asanko Gold Ghana Limited; Runner-up: Abosso Goldfields Ltd

Best Performer in Corporate Social Investment: winner: Golden Star Bogoso Prestea Limited Runner-up: AngloGold Ashanti Obuasi Mine

Best Performer in Occupational Health And Safety

Winner: Gold Fields Ghana Limited, Tarkwa Mine

Runner-up: Newmont Ghana Gold Ltd, Ahafo Mine

Best Performer in Environmental Management

Winner:   Gold Fields Ghana Limited, Tarkwa Mine

Runner-up: Newmont Ghana Gold Ltd, Ahafo Mine

Best Performer in Local Content

Winner:       Ghana Manganese Company

Runner-up: Golden Star Bogoso Prestea Ltd

Best Company in Mining Exploration

Winner:  Cardinal Resources Limited

Runner-up: Azumah Resources Ltd

Best Performer in Mine Supplies And Services

Winner:   Interplast Ghana Ltd.

Runner-up: LOCOMS Company Ltd.

Best Performer in Local Manufacturing

Winner:   Interplast Ghana Ltd.

Runner-up: West Africa Forgings Ltd

Best Performer in Contract Mining

Winner:  Maxmass Limited

Runner-up: African Underground Mining Services

Mining Reporter Best

Winner: Latif Iddrisu, JOY FM

Runner-up: Obrempong Yaw Ampofo, CITI FM

Community Safety Brigade of the Year

Winner: Newmont Ghana Gold Limited

Financial Deal of the Year

Winner:  Stanbic Bank Ghana Ltd

Best Graduate Research

Winner:    Bagulo C. Ebito – University of Mines and Technology

Best Student Inter-Mines First Aid and Safety Essay Contest

Winner:       Nana Ekua Asante – Golden Star Basic School

1st Runner-UP: Adom K.O. Ghartey – Golden Star Basic School

2nd Runner-Up: Eugenia Nyarko-Boateng – Afosu CRIG Basic School

Best Female Student – University Of Mines and Technology

Martha Boahemaa Boahene

Best Male Student – University Of Mines and Technology

Theophilus Acheampong Wireko

 

 

 

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