\n
The 2023 mining report released by the Ghana Chamber of Mines has revealed that mining companies repatriated over $4.2 billion to Ghana.<\/p>\n
This represents a 1.4% increase in the value of repatriation compared to 2022.<\/p>\n
The boost in revenue is primarily attributed to higher export proceeds from various minerals, with manganese being the only exception.<\/p>\n
The report also highlighted that a substantial portion of the repatriated funds, $2.7 billion, was processed through local banks.<\/p>\n
\u201cOn the whole, the Chamber\u2019s producing member companies repatriated US$4.2 billion into the country through commercial banks and the Bank of Ghana in 2023,\u201d the report stated.<\/p>\n
\u201cThe 15 per cent growth in mineral revenue was ascribed to the increase in proceeds from the export of all minerals, except manganese,\u201d it highlighted.<\/p>\n
Additionally, the mineral sector is expecting a positive trend in the production and export volumes of the four traditional minerals, including gold.<\/p>\n
Projections for gold indicate a trading range of 4.3 to 4.5 million ounces this year.<\/p>\n
SA\/OGB<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The 2023 mining report released by the Ghana Chamber of Mines has revealed that mining companies repatriated over $4.2 billion to Ghana. This represents a 1.4% increase in the value of repatriation compared to 2022. The boost in revenue is primarily attributed to higher export proceeds from various minerals, with manganese being the only exception. […]<\/p>\n","protected":false},"author":1,"featured_media":186074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-188757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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