{"id":703664,"date":"2019-09-11T18:34:00","date_gmt":"2019-09-11T18:34:00","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/09\/11\/mining-sector-generates-gh%c2%a2-1-3-billion-for-govt\/"},"modified":"2019-09-11T18:34:00","modified_gmt":"2019-09-11T18:34:00","slug":"mining-sector-generates-gh%c2%a2-1-3-billion-for-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/09\/11\/mining-sector-generates-gh%c2%a2-1-3-billion-for-govt\/","title":{"rendered":"Mining Sector Generates GH\u00a2 1.3 billion For Gov’t"},"content":{"rendered":"

<\/p>\n

\n

Kwaku Asomah-Cheremeh<\/strong><\/p>\n

The mining sector has generated a total of GH\u00a2 1.3 billion as revenue to the Government of Ghana in 2019.<\/p>\n

According to the Minister of Lands and Natural Resources, Kwaku Asomah-Cheremeh, the amount represented a 17 percent of total Government revenue gathered for the year 2019, as collected by the Ghana Revenue Authority.<\/p>\n

The Minister made the disclosure while addressing journalists at the Information Ministry\u2019s Meet the Press Series on Wednesday September 11, 2019, in Accra.<\/p>\n

He said the GH\u00a2 1.3 billion reflected an increase of 39 percent in the sector\u2019s contribution to Government revenue relative to the GH\u00a2 980 million contributed in 2018.<\/p>\n

\"\"<\/figure>\n

Export<\/p>\n

According to him, \u201can amount of US$3.3 billion has been generated by the sector in 2019 as export earnings as compared to US$ 3 billion generated over the period in 2018, making mining a major forex earner for Ghana.\u201d<\/p>\n

Jobs<\/p>\n

As at June 2019, a total of 26,425 persons were employed directly and indirectly by the mining sector.<\/p>\n

He added that \u201d this is a marked improvement over last year\u2019s full employment figure of 23, 894.\u201d<\/p>\n

He revealed that Ghanaian participation in the mining sector has been on the rise.<\/p>\n

\"\"<\/figure>\n

In 2018, he indicated, local procurement of goods accounted for 87.3 percent (US$1.4 billion) of total procurement in the mining sector.\u201d<\/p>\n

According to him, as at June 2019, a total of 25 local companies have been registered by the Minerals Commission to provide services.<\/p>\n

BY Melvin Tarlue <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Kwaku Asomah-Cheremeh The mining sector has generated a total of GH\u00a2 1.3 billion as revenue to the Government of Ghana in 2019. According to the Minister of Lands and Natural Resources, Kwaku Asomah-Cheremeh, the amount represented a 17 percent of total Government revenue gathered for the year 2019, as collected by the Ghana Revenue Authority. 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