{"id":101286,"date":"2025-10-31T17:16:46","date_gmt":"2025-10-31T17:16:46","guid":{"rendered":"https:\/\/sotnews.agency\/?p=101286"},"modified":"2025-10-31T17:16:46","modified_gmt":"2025-10-31T17:16:46","slug":"ghanas-mining-sector-posts-gh%e2%82%b517-7bn-in-fiscal-payments-chamber-commits-to-transparency","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=101286","title":{"rendered":"Ghana\u2019s mining sector posts GH\u20b517.7bn in fiscal payments, chamber commits to transparency"},"content":{"rendered":"
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The Ghana Chamber of Mines has reaffirmed its commitment to transparency and responsible disclosure, revealing that Ghana\u2019s mining sector generated over US$40 billion in mineral revenue between 2014 and 2023.<\/p>\n

Delivering remarks on behalf of the Chamber at the launch of the Africa Extractives Media Fellowship (AEMF) in Accra, Emma Morrison, Regional Manager for Gold Fields Ghana and Vice Chair of the Chamber\u2019s Public Relations Committee, said transparency is central to the mining industry\u2019s social contract with Ghanaians.<\/p>\n

\u201cOur role extends beyond the extraction of minerals; it is about the extraction of trust,\u201d Morrison said. \u201cTransparency helps citizens understand how mineral revenues are generated and reinvested. It reassures investors of ethical governance and affirms our commitment to accountability and national development.\u201d<\/p>\n

\"Ghana\u2019s<\/figure>\n

Transparency Through Data and Disclosure<\/strong><\/p>\n

Morrison shared that between 2014 and 2023, Ghana\u2019s total mineral revenue exceeded USD 40.15 billion, with over USD 29 billion reinvested locally through the Bank of Ghana and commercial banks. The industry also dedicated more than USD 220 million to corporate social responsibility (CSR) projects nationwide.<\/p>\n

In 2024, the mining sector contributed GH\u20b5 17.7 billion in fiscal payments to government \u2014 a 51.2% increase from GH\u20b5 11.7 billion in 2023. Dividends paid to the state rose by over 600%, reaching GH\u20b5 1.03 billion, while mineral royalties climbed 76.7% to GH\u20b5 4.9 billion.<\/p>\n

\"Ghana\u2019s<\/figure>\n

\u201cThese figures provide a transparent and verifiable record of our contribution to Ghana\u2019s development,\u201d Morrison said. \u201cOpen fiscal reporting is the most effective way to strengthen public confidence and combat misinformation.\u201d<\/p>\n

Media Partnerships for Accountability<\/strong><\/p>\n

Morrison emphasised that transparency must be complemented by an informed and responsible media capable of translating technical data into stories that the public can trust.<\/p>\n

\u201cTransparency cannot thrive in isolation,\u201d she said. \u201cIt depends on journalists who can interpret complex industry data in ways that promote understanding and accountability.\u201d<\/p>\n

The Chamber, she noted, has invested in journalist training through partnerships with the Ghana Journalists Association (GJA) and Journalists for Business Advocacy. In September, more than 40 journalists participated in a training workshop in Kumasi focused on responsible mining reporting, fiscal literacy, and the mining value chain.<\/p>\n

The Chamber also organises Mine Tours, offering journalists first-hand insight into safety standards, environmental practices, and community development \u2014 initiatives Morrison described as \u201cinvestments in mutual understanding.\u201d<\/p>\n

Shared Commitment to Responsible Journalism<\/strong><\/p>\n

The Africa Extractives Media Fellowship (AEMF) \u2014 an initiative of Newswire Africa with support from the Australian High Commission and other partners \u2014 was highlighted as a vital step in strengthening public-interest journalism around the extractive sector.<\/p>\n

\u201cOur partnership with the AEMF reflects a shared vision of responsible journalism and open governance,\u201d Morrison said. \u201cWhen the media is informed, the public is empowered \u2014 and that strengthens accountability across the entire value chain.\u201d<\/p>\n

A Culture of Openness<\/strong><\/p>\n

Morrison reaffirmed the Chamber\u2019s determination to make data transparency a permanent feature of Ghana\u2019s mining landscape.<\/p>\n

\u201cEvery cedi of mineral revenue \u2014 from royalties to taxes \u2014 must be traceable, verifiable, and appreciated for its role in Ghana\u2019s progress,\u201d she said. \u201cWe are building not just a transparent mining industry, but a more informed society \u2014 one where truth replaces speculation and trust replaces doubt.\u201d<\/p>\n<\/div>\n

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