Incentivise mining exploration – Mines Chamber

The Ghana Chamber of Mines has indicated that it will push for government to give incentives to mining firms to carry out exploration activities in the country.

According to the Chamber, such activities need huge investment before production.

President of the Chamber, Eric Asubonteng said being a long-term and high-investment industry, it is was important that stakeholders appreciated fully that the exploration stage needs a lot of financial commitment to yield fruit.

“Until you invest enough into exploration, the pipeline of project, you’ll miss it down the line, so, you need to be investing in exploration activities now with the aim that bout 10 years, 15 years, 20 years down the line, there’ll be a pipeline of projects so that as the current projects come to an end or current mines come to an end, there is another one in the pipeline that follows, so, it’s so important that we incentivise those exploration activities, and that’s where the tax issue comes in to incentivise…”, Mr Asubonteng told Accra-based Joy FM.