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EITI seeks to create that missing transparency and accountability in revenue flows from the extractive industry....

The initiative encourages, government, extractive companies, International agencies and NGO’s to work together to develop a framework to promote transparency of payments in the extractive industries.

EITI pursues a policy of openness which promotes the concept of tolerance and good governance through the disbursement of royalties to benificiary communities and public disclosures...

Government's strategy for the sector is based on the recognition that the development of solid minerals in a sustainable manner can not be achieved without a deep involvement of the affected communities.

The EITI strategy calls for the definition of effective ways and means to empower and engage mining communities in the development process and to promote responsible behavior....

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GHEITI 2012-2013 Mining Sector Report

NewThe GHEITI 2012-2013 Mining Sector Report is available for download. Click [HERE]

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2012-2013 Oil & Gas Report for Download

NewOil & Gas Sector Report for 2012-2013 Uploaded. Click here to download. Other reports varying formats are available from the Publications section. Please click [HERE]

Welcome to The Ghana Extractive Industry Transparency Initiative
Press Release – 10th February, 2015 - Ghana launches 2012 and 2013 EITI Reports PDF Print E-mail

Accra, February 10, 2015.

The National Multi-stakeholder Steering Committee of the Ghana Extractive Industries Transparency Initiative (GHEITI) has today formally launched the country’s 2012 and 2013 mining, oil and gas EITI audit reports, released on December 27, 2014. The two reports bring to ten, the total number published since Ghana acceded to the initiative in 2003. The 2013 report is the third for the oil and gas sector.

The reports, which are published in conformity with the EITI standard adopted by the Sydney Global EITI Conference in 2013, goes beyond the mere reconciliation of payments and receipts, to include contextual information such as summary description of the legal framework and fiscal regime, the sector’s contribution to the economy, production data; state participation in the extractive industries; revenue allocations and the sustainability of revenues, license registers and license allocations; as well as information on beneficial ownership and contracts.

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African governments leave mining vision in the cold PDF Print E-mail

African governments have relegated the implementation of the African Mining Vision (AMV) to the back burner after it was unanimously adopted in 2009 by African Heads of State. The ECOWAS Mineral Development Policy (EMDP), a related document, has also suffered a similar fate. The AMV, according to experts, is the most ambitious national, sub regional and continental mining reform framework that has been developed in Africa in recent years.

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Expert advocates reforms for extractive industry PDF Print E-mail

A SENIOR Mineral Sector Governance Advisor in charge of the African Mineral Development Centre of the UN Economic Commission for Africa, Dr. Kojo Busia, has called for strong policy reform in Africa's extractive sector.

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The Revised Institutional Framework For The Ghana Extractive Industries Transparency Initiative (GHEITI) PDF Print E-mail

EXECUTIVE SUMMARY

BACKGROUND

In 2003, Ghana signed onto the Extractive Industries Transparency Initiative (EITI). By this singular action Ghana joined the list of countries implementing EITI globally. As an EITI implementing country, Ghana is required to apply the principles of the initiative to its extractive sector(s).

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GHEITI Technical Round Table On Implementation Of The Guidelines For The Utilisation Of Mineral Royalties PDF Print E-mail

It is a great pleasure for me to make this few opening remarks at this important workshop on the implementation of the Guidelines for the utilization of the Minerals Royalties that government sends back to districts and communities impacted by mining.

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Newmont Ghana committed to supporting economic growth In Ghana PDF Print E-mail

Newmont last year retained in Ghana almost 80% of its earnings from gold sales

Newmont Ghana has announced that almost 80% of its earnings from gold sales were retained in the country in 2012, contrary to some recent claims.

The earnings retained in Ghana were spent on corporate taxes, local contractors and vendors, wages and benefits and land access. The remaining 20% was spent on offshore debt payments, heavy equipment and other offshore purchase.

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Act Firmly To Stop Mining Devastation -Asantehene PDF Print E-mail

The Asantehene, Otumfuo Osei Tutu II, has urged the Minerals Commission and Environmental Protection Agency (EPA) to stop the devastation of the nation's forests and water bodies through mining. He said the two bodies needed to step up their supervisory and monitoring roles to make sure that the right things were done and check the recklessness. He faulted the two institutions for not doing enough to properly supervise and monitor small-scale miners, particularly, those operating in the hinterlands.

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Newmont Earmarks Ghs2.58m Toward Community Development PDF Print E-mail

The Newmont Ahafo Development Foundation (NADeF) has earmarked GHS 2,5 8 0,2 4 8 toward the development of Gyedu, a mining community within the Ahafo Project of Newmont Ghana Gold Limited at Kenyasi in the Asutifi North District of Brong-Ahafo. The amount is meant for the provision of social facilities, infrastructure and other human resource development in the community with a population of more than 8,000 people, who are mainly farmers.

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Ghana Ready To Diversify Minerals PDF Print E-mail

Minister of Lands and Natural Resource, Alhaji Inussah Fuseini says the time has come for the country to diversify its traditional minerals base and exploit lesser-known industrial minerals. "We have reached a point in our growth where we will need to look beyond our the mining of traditional minerals such as gold, bauxite, diamond and manganese, and exploit lesser-known (industrial) minerals -- kaolin, salt, clay, limestone etc," he said.

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Corporate Social Responsibility (CSR) In Mining PDF Print E-mail

A lot has been said on the need for businesses across the world to contribute to the development of communities in which they operate. The case is not different in Ghana, as a number of platforms have been set up to ensure it becomes practical.

It is a known fact that businesses cannot succeed without the constant involvement of its major stakeholder; the masses. This is why the Corporate Social Responsibility (CSR) agenda is viewed as a vital tool to the growth and development of businesses. One may ask, what is the CSR agenda all about? The CSR agenda relates to businesses' contribution to achieving economic; social and environmental sustainability.

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The Ghana Chamber Of Mines, Publish What You Pay 2013 PDF Print E-mail

The Chamber is happy to publish payments made by the mining industry in 2013. This publication is part of the Chamber's pursuit of transparency in the payments and receipts in the mining sector in Ghana. It covers direct statutory and voluntary payments made to Government, suppliers both local and foreign but locally registered in Ghana, District Assemblies and employees in 2013.

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2012-2013 Mining Sector Report

2012-2013 Mining Sector Report
2012-2013 Mining Sector Report

2012-2013 Oil & Gas Sector Report

2012-2013 Oil and Gas Sector Report
2012-2013 Oil and Gas Sector Report

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