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by the government. The act also grants the right of pre-emption to the Republic of Ghana for all materials “raised, won or gotten in Ghana” (Article 5). 1 Emmanuel Ababio Ofosu-Mensah “Historical overview of traditional and modern gold mining in Ghana” (2011) International Research Journal of Library, Information and Archival Studies 1:1.
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In the article,a deputy minister of Lands and Natural Resources Madam Barbara Asamoah is reported to have stated at a “Growth Week” conference currently ongoing in London that Ghana's new Mining Law was going to be ready by end of year 2014 and that government was seriously engaging all the stakeholders in Ghana's Mining sector.
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Minerals and Mining (General) Regulations 2012 (LI 2173) (“Regulations” or “Regs”) Contains the details for provisions in the Act dealing with local content. International law Synopsis – Ghana mining sector! Minerals and Mining Act 2006 (Act 703) (“Act”) Contains few provisions dealing with to local content.
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National Mining Policy of Ghana 6 mining sector contributed 12.7% of Government revenue, 3.2% of corporate tax and 40% of total merchandise export revenues. In 2009, the sector contributed 7% of Ghana’s total corporate tax earnings, 45% of total export revenues, 19.8% of Government revenues and 6% of GDP.
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The primary mineral legislation in Ghana is the Minerals and Mining Act 2006 (MMA), as amended by the Minerals and Mining (Amendment) Act 2010, as well as the Minerals and Mining (General) Regulations 2012 (MMGR) and the Mineral and Mining (Licensing Regulations) 2012 (MMLR).
