Ghana Bolsters Mining Sector Growth Through Local Content Participation

Ghana is ramping up efforts to enhance local content participation in the mining industry, aiming to maximize the beneficiation of its mineral resources. By supporting small-scale miners, promoting local procurement and ensuring international firms hire and train local staff, Ghana is catalyzing employment creation, revenue generation for local businesses and driving GDP growth through the expansion of the mining industry. 

The upcoming Mining in Motion Summit, taking place from June 2-4 in Accra, will highlight the role of local mining entities in industry expansion, showcasing the collaboration between the government and international partners to accelerate economic growth through increased local participation. 

Ghana’s commitment to local involvement is yielding substantial results, with the small-scale gold mining sector employing one million people, indirectly supporting 4.5 million more and generating over $5 billion (https://apo-opa.co/4hMUCLw) in export revenue in 2024 alone. 

To further empower local players, the government has introduced key policy reforms and a series of financing and skills training programs. In January 2025, Ghana announced the establishment of the Gold Board (https://apo-opa.co/4bZaBop) – set to launch in March 2025 – which will consolidate gold output from small-scale and industrial mining projects for international exports. The initiative aims to streamline gold commercialization for small-scale miners while enabling them to secure funding through certificates of gold sales. 

In August 2024, Ghana also unveiled plans for a Cooperative Mining Policy (https://apo-opa.co/4c1IncJ) designed to establish community mining cooperatives. The cooperatives will provide training, register miners and issue concessions, fostering job creation and formalizing the sector. 

In parallel, the Environmental Protection Agency and the Ministry of Lands and Natural Resources secured World Bank funding in April 2024 to implement the Ghana Landscape Restoration and Small-Scale Mining Project (https://apo-opa.co/42dyXrf). The project seeks to enhance the formalization of small-scale mining operations through District Mining Committees. Furthermore, the Minerals and Mining (Local Content & Local Participation) Regulations, 2020, require international firms to procure Ghanaian goods and services in their operations, enhancing the participation of local firms in project development and maintenance. 

With several large-scale projects underway, including Goldstone’s Homase Mine, Atlantic Lithium’s Ewoyaa Project, the Cardinal Namdini Gold Mine and Newmont’s Ahafo North Project, the policy continues to strengthen local content participation in Ghana’s mining sector. 

Amidst these developments, the Mining in Motion Summit will serve as a platform for high-level discussions and networking, addressing key trends and advancements in local content development within Ghana’s mining industry. 

Stay informed about the latest advancements, network with industry leaders and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com. For sponsorship opportunities or delegate participation, contact [email protected].

Distributed by APO Group on behalf of Energy Capital & Power.

About Ashanti Green Initiative: 
The Ashanti Green Initiative is a foundation dedicated to promoting environmental restoration, advocating for climate-related issues, and fostering community development in Ghana and beyond. Guided by a commitment to sustainability, the foundation undertakes projects aimed at rehabilitating degraded lands, restoring water bodies, and promoting responsible natural resource management. The initiative also champions regenerative practices in mining, agriculture, and energy, aligning with global efforts to combat climate change while uplifting local communities through education, capacity-building, and economic empowerment programs. The Ashanti Green Initiative is led by Nana Kwaku Duah, son of His Majesty Otumfuo Osei Tutu II, King of the Ashanti Kingdom. Under his leadership, the foundation applies forward-thinking approaches and innovative solutions, creating impactful partnerships with local and international stakeholders to drive meaningful change. 
 
About Energy Capital & Power: 
Energy Capital & Power is an Africa-focused global leading investment platform for the energy and mining sectors. Through a series of events, online content and investment reports, we unite the entire energy and mining value chains – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.