Ghana's mineral resources are abundant and diverse, and the government has implemented policies to regulate the mining industry and ensure the sustainable use of the country's resources. The largest companies in the sector are Newmont Ghana, AngloGold Ashanti, and Gold Fields Ghana, which are actively involved in promoting local content and sustainable development. With the right policies and partnerships, Ghana's mineral resources can continue to contribute to the country's economic growth and development.
To regulate the mining industry and ensure the sustainable use of the country's resources, the government has implemented policies such as the Minerals and Mining Act (2006) and the Ghana Integrated Aluminum Industry Development Policy (2018). The Minerals and Mining Act (2006) aims to promote transparency, accountability, and the sustainable development of the mining industry. The Ghana Integrated Aluminum Industry Development Policy (2018) seeks to develop the country's bauxite reserves into an integrated aluminum industry.
The largest companies in the mining sector in Ghana are Newmont Ghana, AngloGold Ashanti, and Gold Fields Ghana. Newmont Ghana is the largest gold producer in the country, with two mines (Ahafo and Akyem) that produced 599,000 ounces of gold in 2020. AngloGold Ashanti operates the Obuasi mine, which is one of the oldest gold mines in Ghana, and is currently undergoing a redevelopment project. Gold Fields Ghana operates the Tarkwa and Damang mines, which produced 800,000 ounces of gold in 2020.
Recently, Newmont Ghana has been in the news for its efforts to improve local content in its operations. In 2020, the company launched the Newmont Ghana Local Supplier Development Program to provide training and support to local suppliers. The program aims to increase local content in the supply chain and create jobs for Ghanaians. AngloGold Ashanti is also in the news for its partnership with the government of Ghana to redevelop the Obuasi mine. The government has provided $170 million to support the project, which is expected to create jobs and boost the local economy.