{"id":66212,"date":"2024-02-06T18:45:19","date_gmt":"2024-02-06T18:45:19","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=66212"},"modified":"2024-02-06T16:27:49","modified_gmt":"2024-02-06T16:27:49","slug":"invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa","title":{"rendered":"Invest in the best, invest in Ghana, the undisputed mining hub of Africa"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has delivered a compelling address at the 30th anniversary of the Investing in African Mining Indaba held at Cape Town on Monday, February 5 with a resounding call to \u201cInvest in the number one mining destination of Africa\u201d.<\/b><\/p>\n

The Minister showcased the country as the undisputed mining hub of Africa.<\/p>\n

Ghana\u2019s mining legacy, spanning over a century, was highlighted by the Minister as he emphasized the diverse mineral wealth the country possesses, including gold, diamond, bauxite, manganese, lithium, iron ore, copper, zinc, nickel, chrome, lead, and salt.<\/p>\n

Underlining Ghana\u2019s gold production leadership on the continent, he reported an unprecedented four million ounces produced last year, with plans for expansion and the addition of three new gold mines in the country.<\/p>\n

\u201cWe have three (3) new gold mines currently under construction, one by Newmont in the middle belt of the country, and two in Northern Ghana, by Cardinal Namdini and Azumah Resources, with Cardinal Namdini\u2019s Project expected to pour its first gold this year. With these new mines, and the expansion of existing ones, we expect to increase gold output to some four point five million ounces (4,500,000 oz), annually,\u201d he explained.<\/p>\n

Breaking away from the conventional notion that gold was exclusive to the southern part of Ghana, the Minister revealed new gold deposits identified in the Savannah Region, inviting investors to join in the exploration of this promising frontier, in Ghana known as the \u201cDollar Power\u201d.<\/p>\n

The Minister also detailed Ghana\u2019s commitment to value addition in mineral resources, showcasing a new four hundred kilogramme (400kg) capacity gold refinery.<\/p>\n

Fruitful discussions with South Africa\u2019s Rand Refinery were disclosed, indicating progress toward securing a London Bullion Market Association (LBMA) certification.<\/p>\n

\u201cBeyond gold, Ghana is strategically leveraging over nine hundred million metric tonnes of bauxite resources to build an integrated aluminum industry.\u201d<\/p>\n

The Minister highlighted initiatives, such as the construction of a US$450 million manganese refinery and the establishment of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC) to harness iron ore resources for an integrated iron and steel industry.<\/p>\n

Addressing the lithium market, the Minister affirmed Ghana\u2019s commitment to value addition, echoing a firm stance against the raw export of lithium resources.<\/p>\n

This commitment aligns with Ghana\u2019s Green Minerals Policy, aiming to contribute to the global green energy transition.<\/p>\n

\u201cAnd if we have not said it loud enough, permit me to repeat, Ladies and Gentlemen, under NO circumstance will we export our lithium resources in their raw state,\u201d he stressed.<\/p>\n

The Minister underscored Ghana\u2019s dedication to using mining as a catalyst for sustainable development.<\/p>\n

Policy and legislative reforms since 2017 have prioritized efficient exploitation, environmental protection, value addition, local content, and local participation.<\/p>\n

The government aims to shift from the traditional \u201cdig and ship\u201d model to a new era of beneficiation, ensuring optimal returns and investment security.<\/p>\n

Highlighting opportunities across the entire mining value chain, the Minister emphasized the potential for exploration, mining, refining, processing, and downstream industries. Ghana\u2019s strategic location and the benefits of the Africa Continental Free Trade Area (AfCFTA) were presented as key advantages, enabling investors to use Ghana as a launchpad to reach the broader African market.<\/p>\n

Mr. Jinapor in his address assured the global investor community of Ghana\u2019s readiness for business, backed by a stable democracy and a progressive fiscal regime. Ghana, \u201cthe beacon of democracy in Africa,\u201d offers an attractive investment destination with ease of access to geological information, transparent governance institutions, and highly skilled mining personnel.<\/p>\n

The Lands Minister wooed investors of Africa and on the global scale to invest in Ghana, showcasing the country for its rich mining potential and inviting them to join in the exciting journey towards sustainable and mutually beneficial mining ventures.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has delivered a compelling address at the 30th anniversary of the Investing in African Mining Indaba held at Cape Town on Monday, February 5 with a resounding call to \u201cInvest in the number one mining destination of Africa\u201d. The Minister showcased the […]<\/p>\n","protected":false},"author":84,"featured_media":66211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-66212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nInvest in the best, invest in Ghana, the undisputed mining hub of Africa - Ghana<\/title>\n<meta name=\"description\" content=\"The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has delivered a compelling address at the 30th anni ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invest in the best, invest in Ghana, the undisputed mining hub of Africa\" \/>\n<meta property=\"og:description\" content=\"The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has delivered a compelling address at the 30th anni ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T18:45:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707224008.696705.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Invest in the best, invest in Ghana, the undisputed mining hub of Africa\",\"datePublished\":\"2024-02-06T18:45:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\"},\"wordCount\":653,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707224008.696705.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-in-the-best-invest-in-ghana-the-undisputed-mining-hub-of-africa\",\"name\":\"Invest in the best, invest in Ghana, the undisputed mining hub of Africa - 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