Mining sector gives Ghana US$ 2 billion annually

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EZEKIEL 12 years ago

After the mining,does the MONEY DISAPPEAR into the HOLE where the gold was before ??? FUNNY,we RARELY SEE the effect of that REVENUE !!!
Let's hope the USA will help us TRACK DOWN the "Cayman Island Accounts" of STEALING GHA ...
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After the mining,does the MONEY DISAPPEAR into the HOLE where the gold was before ??? FUNNY,we RARELY SEE the effect of that REVENUE !!!
Let's hope the USA will help us TRACK DOWN the "Cayman Island Accounts" of STEALING GHANAIANS so that they'll face the FIRING SQUAD!
Kojo T 12 years ago

It used to be Gc2m annually . J J and Kutu started the revolution for more revenue

It used to be Gc2m annually . J J and Kutu started the revolution for more revenue
VOICE FROM AFAR 12 years ago

Look, two billion is mentioned here but about another two or more billions goes througth the back door to the rullers of our nation. Ask why every body want to become a president or minister. Mine workers real salary is never ...
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Look, two billion is mentioned here but about another two or more billions goes througth the back door to the rullers of our nation. Ask why every body want to become a president or minister. Mine workers real salary is never paid to them rather to Ghana mine workers union leaders and the goverment officials. Bribery and corruption the reason why all institutions are on strike. Oh Ghana, the military must come back into action in J.J like ones more.
Torgbigah 12 years ago

it doesn't matter,, get chinese and all foreign companies out of mining business,,period

it doesn't matter,, get chinese and all foreign companies out of mining business,,period
gretchy 12 years ago

Ohh yes.now thats very handy usd 2billion.Now where has all that revenue gone ummmmm.Aww it fell off the truck.Some body needs to be made accountable as to what happen to those billions

Ohh yes.now thats very handy usd 2billion.Now where has all that revenue gone ummmmm.Aww it fell off the truck.Some body needs to be made accountable as to what happen to those billions
JAH 12 years ago

WHERE IS THAT MONEY AND WHERE THAT MONEY GO'S ?

WHERE IS THAT MONEY AND WHERE THAT MONEY GO'S ?
ato 12 years ago

how many tons of gold ore has being sent to South Africa after 20 years.tons of billion of dollars.Are we not seeing or we dont care about our money being taken away.
let start to take over,itz never to late,we have being st ...
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how many tons of gold ore has being sent to South Africa after 20 years.tons of billion of dollars.Are we not seeing or we dont care about our money being taken away.
let start to take over,itz never to late,we have being stolen for 20 yrs.
Makola Lawyer 12 years ago

Where does the money go? The answer is simple! If for example 80% of the companies are owned by foreigners, then a very rough simple mathematics is...Ghana actually earns only the taxation on 80% of 2 billion dollars, plus s ...
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Where does the money go? The answer is simple! If for example 80% of the companies are owned by foreigners, then a very rough simple mathematics is...Ghana actually earns only the taxation on 80% of 2 billion dollars, plus some royalties, plus the remaining 20% Ghana owns. Its just a rough estimation but not far fetched! only way we can maximise what we get from this 2 billion is increase govt ownership in the gold mining sector.
Nana Appiah 12 years ago

You are 100% Right Bro...They have to increase Government OwnerShip Plus increase Taxes..

You are 100% Right Bro...They have to increase Government OwnerShip Plus increase Taxes..
Obenfo 12 years ago

Is is that easy to increase ownership? We almost owned the entire Ashanti Goldfields and we gave it away so cheap. Do you think we can just walk to the foreign owners and tell them we want to increase our share? How much do ...
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Is is that easy to increase ownership? We almost owned the entire Ashanti Goldfields and we gave it away so cheap. Do you think we can just walk to the foreign owners and tell them we want to increase our share? How much do we have as a nation to buy back our goldmines? Bro. count it all lost! It's gone for good!!

HOHA 12 years ago

IT A SHAME TO OWN HUGE ENTIRE ASHANTI GOLD AND LOST IT TO FOREIGN OWNERSHIP JUST TO COLLECT TINY ROYALTY, TAXES. BECAUSE OUR PEOPLE ARE ALSO LAZY UNLESS IS OWN BY FOREIGNER NO ONE WANT TO SIMPLY WORK HARD FOR ANYTHING. EVENTU ...
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IT A SHAME TO OWN HUGE ENTIRE ASHANTI GOLD AND LOST IT TO FOREIGN OWNERSHIP JUST TO COLLECT TINY ROYALTY, TAXES. BECAUSE OUR PEOPLE ARE ALSO LAZY UNLESS IS OWN BY FOREIGNER NO ONE WANT TO SIMPLY WORK HARD FOR ANYTHING. EVENTUALLY THE WHOLE COUNTRY WILL BE OWN BY FOREIGNERS IF WE CONTINUE TO HAVE GET RICH MENTALITY AND SLAVE MENTALITY WITH WORKING HARD.
Makola Lawyer 12 years ago

Well, i did not say it was easy to increase ownership...I meant the breakdown of where the 2 billion goes is easy. Its not only for govt to increase ownership so we reap the most benefits...the stocks of these foreign compani ...
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Well, i did not say it was easy to increase ownership...I meant the breakdown of where the 2 billion goes is easy. Its not only for govt to increase ownership so we reap the most benefits...the stocks of these foreign companies are publicly trade on the stock exchange so any Ghanaian who is seriously concerned and has the money can buy stocks of these companies. So by Govt, I mean all Ghanaians! I wouldnt say its all lost...we as a nation have to just acquire the culture of investing in our countries assets instead of 'fufu based' investments lol (joke)
Sankofa 12 years ago

Ato, you are being generous.

We have been exploited for over 200 years.

The colonialists came to steal and plunder our wealth, and they are still doing so through the mining companies.

These companies are making mass ...
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Ato, you are being generous.

We have been exploited for over 200 years.

The colonialists came to steal and plunder our wealth, and they are still doing so through the mining companies.

These companies are making massive profits from our gold, and paying little by way of tax and royalties.

We must start exploiting our mineral resources now, else we will continue to remain an impoverished nation.
Woman's wisdom 12 years ago

Irrespective of the total amount of money contributed to the Ghanaian economy annually, why does Jon Mahama and Asiedu Nkatia do with the money.Why do they keep borrowing from other nations? During Kuffour's administration, w ...
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Irrespective of the total amount of money contributed to the Ghanaian economy annually, why does Jon Mahama and Asiedu Nkatia do with the money.Why do they keep borrowing from other nations? During Kuffour's administration, we did not have oil at all, but cast your mind back and see the number of developmental project NPP did. Now compare it to the total amount of money borrowed from other nations to that of NDC. I can't believe why NDC compare themselves to NPP. And I wonder why some fools still support the thievery party NDC. Shame on you all fools suporting the stupid party.
manb USA 12 years ago

GHANAIAN LEADERS SHOULD WORK OUT A DEAL WITH THE COMPANIES,THAT LET THEM USE THEIR TAX MONEY TO BUY MORE SHARES IN THE DIFFERENT SECTORS BEING MINING OR OIL.AFTER ALL THESE MINERS DON'T PAY THEIR TAXES CORRECTLY. SET THIS PRO ...
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GHANAIAN LEADERS SHOULD WORK OUT A DEAL WITH THE COMPANIES,THAT LET THEM USE THEIR TAX MONEY TO BUY MORE SHARES IN THE DIFFERENT SECTORS BEING MINING OR OIL.AFTER ALL THESE MINERS DON'T PAY THEIR TAXES CORRECTLY. SET THIS PROJECT FOR FIVE YEARS AND SEE THE OUT COME. GHANA CAN OWN 50% SHARES IN THE COMPANIES AFTER 50-80 YEARS.
Vinkon 12 years ago

I am shocked to the bone that such huge amount of money goes into the coffers of the nation from mining sector yet the roads leading to these mining areas like Obuasi, Tarkwa are in such deplorable states. Oh my God!

I am shocked to the bone that such huge amount of money goes into the coffers of the nation from mining sector yet the roads leading to these mining areas like Obuasi, Tarkwa are in such deplorable states. Oh my God!
kk 12 years ago

The money is in general mosquito"s pocket

The money is in general mosquito"s pocket
GHFUO, BE SERIOUS NOT PRIDEFUL! 12 years ago

GOLD SEIZURE...INSIDE JOB BY GH GOVT!
CONSPIRACY TO STEAL GARGANTUANLLY!
HOW DID GHANA, 3RD RICHEST NATION IN THE WORLD IN TERMS OF NATURAL RESOURCES END UP LIKE THIS? BLAME OUR LEADERS, OURSLEVES!
NOT THE WHITEMAN, NOT TH ...
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GOLD SEIZURE...INSIDE JOB BY GH GOVT!
CONSPIRACY TO STEAL GARGANTUANLLY!
HOW DID GHANA, 3RD RICHEST NATION IN THE WORLD IN TERMS OF NATURAL RESOURCES END UP LIKE THIS? BLAME OUR LEADERS, OURSLEVES!
NOT THE WHITEMAN, NOT THE ASIAN, NOT THE INDIAN, NOT ISLAM OR CHRISTIANITY, BUT OURELVES!
1.5 TONS OF GOLD. so a large quantity OF GOLD OF THIS NATURE IS BEING EXPORTED BY INDIVIDUALS OUTSIDE AND U MEAN TO TELL ME
THE GOVT WAS UNAWARE OF THIS? WILL THIS BE CLASSIFIED AS SMUGGLING AND IF SO, WHY DIDNT CUSTOMS NOTIFY THE GOVT?
THIS IS BULLSHIT. THE GOVT KNEW ABOUT IT. IM DAMN SURE SOMEONE IN MAHAMA'A ADMINISTRATION KNEW ABOUT THIS.
IF NOT MAHAMA HIMSELF, THEN WHO? ONLY Peter Bedzrah and Fredrick Kojo Essumang, operating under the corporate identity of
Omanye Gold Mining Ltd AND Vahid Moradi Moghaddam KNOW WHO THE GOVT INFORMANTS ARE OR IS.....
HOW DO YOU EXPLAIN THIS?..
At the airport, one Isaac Anakwa Asante, Head of Operations of Menzies Airline Handling Services which handled the aircraft from touchdown
to departure and who inspected the cargo before scanning by Nick TC-Scan reported sighting gold bars.
However, the Customs Division'S Instructions for the Dispatch of Goods (IDG) form entered the goods
as “mineral samples”. The pre-departure formalities were endorsed by Kwesi Avemee, a collector of CD/GRA and Albert Kan Dapaah,
a Narcotics Control Board (NACOB) official. While mineral samples do not attract tax liability, it was found unusual to have mineral
samples shipped in such tonnage.
TYPE "1.5 Tons Of Gold Bound For Iran Seized on Plane In Turkey" VIDEO ON YOU TUBE
GH IS ONE OF THE WORLDS TOP GOLD PRODUCERS. YET MORE THAN 25PERCENT OF ITS POPULATION LIVE UNDER 1 DOLLAR A DAY. HOW?
Today's gold price = 1658.22 US
12 Troy Ounces in a pound x 3000? lbs.= 36,000 oz
1.5 tons of gold is worth 36,000 oz x 1658.22 = 59,695,920 USD.
MAHAMA, WHERE IS THE MONEY? MAHAMA IS INDIRECTLY HELPING IRAN DODGE ITS UN SANCTIONS. THE UN WONT BE HAPPY WITH GHANA OR MAHAMA
IF IRAN HASNT ALREADY BEEN PAID FOR THIS GOLD. THEN DONT EXPECT THE UN/HAGUE TO GET INVOLVED IN THIS MATTER
THAT MEANS, GH HAS LOST OUT ON ALL THIS MONEY....DUE TO OUR THE GARGANTUAN STUPIDITY OF OUR LEADERS, AGAIN....
FOR THE RECORD, IRAN CONDUCTS A LOT OF BUSINESS WIH TURKEY IN THE FORM OF OIL AND GAS.
SO WE NOW UNDERSTAND WHY TURKEY HAS POSITIONED THEMSELVES IN THIS GOLD SEIZURE ISSUE.
NEARLLY $2 BILLION WORTH OF GOLD WAS SENT TO DUBAI BY IRAN. SUCH TRADES HELP IRAN ESCAPE UN/WESTERN SANCTIONS AGAINST
IRAN. THESE SANCTIONS WERE IMPOSED BY THE UN OVER IRAN'S NUCLEAR PROGRAM. BY USING GOLD, IRAN CAN DODGE THESE SANCTIONS...
SO WHY IS GH HELPING THEM. MAHAMA, WAT DO U HAVE TO SAY FOR YOURELF ABOUT THIS? YOU DEY TORCH?
Eric Datsoor ,Live in Bologna 12 years ago

But we use it for Ex-gratia

But we use it for Ex-gratia
apetupre-usa 12 years ago

Go figure!

Go figure!

REV (DR) OSAM-ANKRAH 12 years ago

THE MONEY ACCRUING FROM THE MINING SECTOR IS JUST TOO SMALL AND GHANAIANS DESERVE TRIPLE OF THAT AMOUNT. THOSE RESPONSIBILE SHOULD NOT BE DECEIVED INTO THINKING THAT GHANAIANS ARE HAPPY WITH THAT AMOUNT.

THE MONEY ACCRUING FROM THE MINING SECTOR IS JUST TOO SMALL AND GHANAIANS DESERVE TRIPLE OF THAT AMOUNT. THOSE RESPONSIBILE SHOULD NOT BE DECEIVED INTO THINKING THAT GHANAIANS ARE HAPPY WITH THAT AMOUNT.
shakara 12 years ago

WHERE DOES ALL THIS MONEY GOES?

WHERE DOES ALL THIS MONEY GOES?
POPE 12 years ago

WHY THE COUNTRY CONTINUE BORROWING, WHERE IS THE MONEY. THE CONTINUE TO DEPEND ON IMF AND WORLD BANK HASH BORROWING RULES AND AUSTERITY MEASURES SINCE WE ARE SO LAZY TO DO ANY MEANINGFUL BUT CONTINUOUS CORRUPTION, GREEDY LEAD ...
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WHY THE COUNTRY CONTINUE BORROWING, WHERE IS THE MONEY. THE CONTINUE TO DEPEND ON IMF AND WORLD BANK HASH BORROWING RULES AND AUSTERITY MEASURES SINCE WE ARE SO LAZY TO DO ANY MEANINGFUL BUT CONTINUOUS CORRUPTION, GREEDY LEADERS IN GHANAIAN SOCIETY.
Concern Ghanian 12 years ago

AND OUR GAIN?

AND OUR GAIN?
Think Tank 12 years ago

With all this gold and yet the Kumasi airport run way is in a deplorable state. The government spend money as if it their own money.
Please just fix the Nsawam bridge for starters.

With all this gold and yet the Kumasi airport run way is in a deplorable state. The government spend money as if it their own money.
Please just fix the Nsawam bridge for starters.
KANEWU 12 years ago

ONLY A BLOODY MILITARY TAKE-OVER AND TESHIE MILITARY RANGE KILLINGS OF GHANA'S THIEVING LEADERSHIP CAN EXTRICATE GHANA'S ECONOMY FROM THE SHACKLES OF LEADERSHIP CORRUPTION.

GHANAIAN LEADERS ARE ALL CORRUPT TO THE CORE WITH ...
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ONLY A BLOODY MILITARY TAKE-OVER AND TESHIE MILITARY RANGE KILLINGS OF GHANA'S THIEVING LEADERSHIP CAN EXTRICATE GHANA'S ECONOMY FROM THE SHACKLES OF LEADERSHIP CORRUPTION.

GHANAIAN LEADERS ARE ALL CORRUPT TO THE CORE WITHOUT A SINGLE EXCEPTION.

WHERE'S ARE THESE 2BILLION DOLLARS ANNUAL WINDFALL FROM GOLD MINING SECTOR?

GHANA'S LEADERS ARE HEARTLESS, INCLUDING THAT USELESS EWURAMA WHO RECOMMENDED THE PAYMENT OF EX-GRATIA TO ARTICLE 71 "OFFICE" HOLDERS.
HANNIBAL(Blessed by God) 12 years ago

It would have been better if Ghana had no gold.

It would have been better if Ghana had no gold.
Trent 12 years ago

Ex-gratia to MPs both loser and winners on top of their monthly pay. Wow! I want to be an MP...Only in Ghana. By the way the President does not pay taxes...how lovely??

Ex-gratia to MPs both loser and winners on top of their monthly pay. Wow! I want to be an MP...Only in Ghana. By the way the President does not pay taxes...how lovely??
Nana Asare 12 years ago

CAN THE GOVERNMENT OF GHANA TELL GHANAIANS HOW THIS MONEY IS SPENT? NO, THAT IS OBVIOUS WITH THE ndc.

CAN THE GOVERNMENT OF GHANA TELL GHANAIANS HOW THIS MONEY IS SPENT? NO, THAT IS OBVIOUS WITH THE ndc.
Ama Ghana 12 years ago

Why is Africa suffering from permanent illness of a natural resources..........what do Ghana use this money for?.........

Why is Africa suffering from permanent illness of a natural resources..........what do Ghana use this money for?.........

daladam 12 years ago

B4 WE GET IN TRUBLE WITH THE US ,EUROPE AND THE WORLD

B4 WE GET IN TRUBLE WITH THE US ,EUROPE AND THE WORLD
natty 12 years ago

Oscar Wilde said in one of his quotes "My experience is that as soon as people are old enough to know better, they don't know anything at all".

Since independence we had people in government who have served the nation up t ...
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Oscar Wilde said in one of his quotes "My experience is that as soon as people are old enough to know better, they don't know anything at all".

Since independence we had people in government who have served the nation up to this day but it looks as if Ghana is starting life all over again almost every single day.

We are never seeking to work at anything to our advantage due to the selfish desire of some imposed politicians who cannot even apply the skill they learnt to raise domestic animals not to talk of managing the affairs of a nation.

Whatever we do turns out to help others and do us great deal of self-harm. Like Ambrose Bierce said "calamities are of two kinds: misfortune to ourselves and and a fortune to others".

If this is the revenue that the mining sector contributes to our economy then what share goes to those who are the main capos of the mining industry. May be it's time for us to convince these gold craze guys that the gold has shifted into the part of the ocean belonging to Ghana and that the only way to get it out is to convert it into portable drinking water and for generating electricity.
natty 12 years ago

When you hear about huge sums of money being mentioned regarding the mining industries you begin to ask yourself, does it reflect in the lives of those who live in those mining areas.

A typical example is Obuoasi where alm ...
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When you hear about huge sums of money being mentioned regarding the mining industries you begin to ask yourself, does it reflect in the lives of those who live in those mining areas.

A typical example is Obuoasi where almost the whole town is hanging on some sort of reinforcement. The earth beneath the Township is gradually being eaten away with impunity without considering the plight of the citizens of that great town.

I pray that the Almighty God continue to sustain the foundation of that town because it wouldn't be a surprise if we woke up one day and the whole town has moved in to the belly of the earth due to the activities of those greedy monkeys.
Eko 12 years ago

We will know that our politicians and officials are 'in the right' the day when we see this money being invested into worthy or useful public works. Until then, where this money goes only a fat man with big pockets knows.

We will know that our politicians and officials are 'in the right' the day when we see this money being invested into worthy or useful public works. Until then, where this money goes only a fat man with big pockets knows.
JOYCE 12 years ago

FIRST USE THAT MONEY TO COVER THE MESS THE THEY HAVE MADE

FIRST USE THAT MONEY TO COVER THE MESS THE THEY HAVE MADE

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Mining sector gives Ghana US$ 2 billion annually

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