The Ghanaian government has announced plans to establish a $450mn refinery aimed at refining locally produced manganese, according to Joy News.
This initiative was unveiled alongside a legislative move to ban the export of raw bauxite, signaling a shift towards value addition within the country's mining sector.
President Nana Akufo-Addo told Parliament that these measures are aimed at fostering economic growth and ensuring optimal utiliation of Ghana's mineral resources.
Acknowledging achievements in the mining sector, Akufo-Addo celebrated Ghana's reclamation of its position as Africa's leading gold producer, citing policies that have revitalised dormant mines and spurred growth in the small-scale mining sector.
Notable among these policies is the reduction of withholding tax on unprocessed gold, which has led to a significant increase in gold exports from small-scale miners, writes Joy News.
Akufo-Addo also added that the West African country is committed to environmental conservation, detailing initiatives such as the Green Ghana project, which has seen the planting of 42mn trees over three years.
Related Articles
South Africa's energy minister presents revised plan to achieve 2030 universal electricity access
South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa has presented a revised plan to achieve energy access for all South Africans by 2030. In his Budget Vote speech at the National ... more
Egypt and Russia sign supplementary agreements to advance El-Dabaa nuclear plant
Egypt and Russia have signed a supplementary intergovernmental agreement to push forward the El-Dabaa nuclear power plant project in Egypt, Al Arabiya reported on July 8, citing a statement from ... more
Libyan oil revenues reach $9.43bn
Libya’s central bank revealed this week that the country’s oil revenues had reached $9.43bn in the first half of 2025, making the oil industry an important contributor to the Libyan economy – ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
20 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago