Mining companies must show impact of billions spent – Chamber

The Ghana Chamber of Mines has challenged mining companies to show clear evidence that the billions of cedis they contribute to the economy are improving the lives of people, particularly those living in mining communities. Chief Operating Officer of the Chamber, Ahmed Dasana Nantogmah, said it is no longer enough for mining companies to announce how much they pay in taxes, spend on local businesses or invest in communities. “People want evidence. Our task is not simply to tell people what mining creates; our task is to show it,” he said. Speaking at the opening of the 2026 PR, Environment and Sustainability Seminar, Nantogmah called on mining companies to move “from publicity to proof.” He said the public is now better informed and more likely to question claims made by companies, especially at a time when false and misleading information can spread quickly. NLA revenue-sharing deal with KGL must be corrected – Dr Ato Forson According to him, Ghana’s mining industry made significant contributions to the economy in 2025. The sector contributed more than GH¢24.2 billion in fiscal revenue and spent about US$7 billion locally, with approximately US$4.2 billion going to local suppliers. Member companies of the Ghana Chamber of Mines also invested about US$88.6 million directly in communities. However, Nantogmah said the important question is whether people can see the impact of these huge amounts in mining communities. “If we go into the mining communities, are we going to see that impact?” he asked. He said the benefits of mining should be visible through stronger local businesses, better livelihoods, improved infrastructure, sustainable jobs and greater economic opportunities for communities. He also called for policies that would attract more investment into Ghana’s mining industry. He said high gold prices provide Ghana with an opportunity to attract more exploration investment, increase production and extend the lifespan of existing mines. He argued that the country should not focus mainly on collecting more revenue from existing mining operations but should also create conditions that encourage new investment and expand the industry. Government accepts GH¢1.77 billion of GH¢2.93 billion T-bill bids The Chamber also wants Ghana to move beyond buying mining supplies locally to producing more of those goods within the country. Nantogmah explained that Ghana gains less when products described as locally purchased are still largely made from imported materials and components. DR/MA Inside Ghana’s Abandoned Engineering Powerhouse: What Went Wrong? Source: www.ghanaweb.com
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