Ghana Extractive Industry Transparency Initiative

Stanbic Bank affirms support for extractive industry

The Executive of Mining, Energy and Infrastructure Finance at Stanbic Bank Ghana, Ms Celiwe Ntuli has reiterated the Banks support for the extractive industry in the face of global challenges facing the sector. Gold prices on the world market have been on the decline leading to a slowdown in mining activities and staff layoffs among other challenges globally.
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Minerals commission urged to supervise miners

The Minerals Commission of Ghana has been urged to supervise the activities of small and large scale miners, whose work poses economic problems for the people living in their operational communities. Mr. Alfred Ekow Gyan, Western Regional Deputy Minister, who made the appeal, said some of the miners only had either exploratory or prospecting licenses, yet they were doing real mining at the expense of local farmers, whose farmlands are being destroyed by their activities.

Upcoming Event: Ghana EITI Sensitization & Dissemination Workshop for the Parliamentary Select Committees of Mines and Energy, Finance and Public Accounts

The Ghana EITI in collaboration with the German International Co-operation (GIZ) are organizing EITI sensitization and dissemination workshop for members of the Parliamentary Select Committees of Mines and Energy, Finance and Public Accounts from 8th –10th November, 2013 at the Elmina Beach Resort, Central Region.

The objective of the two- day workshop is to sensitize members of the Select Committees of Mines and Energy, Public Accounts and Finance on the activities of the Ghana EITI and to share with them, the critical findings and recommendations of the Ghana EITI Aggregation and Reconciliation Reports for mining and oil and gas for the periods 2010/2011 and also discuss the draft GHEITI Bill.

GhEITI Meeting With Major Forestry Sector Stakeholders

The Ghana EITI will meet major Forestry Sector stakeholders, i.e. Company Reps. and MDAs at Royal Lamerta Hotel Kumasi on 11th - 13th December to sensitize them on the extension of the EITI to the Forestry Sector.

3 mining coys won’t lay off workers - … Despite falling world gold price

In spite of the falling price of on the world market and their challenges facing mining companies operating in Ghana, the managements of three mining companies have promised not to lay off workers, intending to find tore practical solutions to the problem. The companies are Golden Star Bogoso/Prestea Limited, Goldfields Ghana Limited and Ghana Manganese Company (GMC).
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