The recent launch of an online portal to provide information to industry players is a ground-breaking development in Ghana’s mining industry.
According to the Ghana Chamber of Mines, the online portal will provide information on the opportunities available to local businesses and to bring more transparency in the sector’s value chain .
The portal will have in-depth information on mining inputs for local manufacturers and suppliers to the mining industry.
Speaking during the launch of the local content day and the online portal, the President of the Ghana Chamber of Mines, Kwame Addo-Kufuor, said the portal would support potential investors and local entrepreneurs who can provide these inputs with up-to-date and specific information to prop up the implementation of the local content policy for mining industry.
Addo-Kufuor said the Chamber believed that offering support to local manufacturers and suppliers of goods and services would help fast-track the pace of industrialisation, economic growth and job creation.
The Chamber had taken voluntary initiatives to promote in-country expenditure on mining inputs such as fabrication of critical components of plant, machinery and equipment as well as engineering services, Addo-Kufuor added.
However, Addo-Kufuor acknowledged that more needed to be done to enhance the local participation in the value chain of the mining industry.
The Minerals and Mining Act 2006 (Act 703) and the Minerals and Mining General Regulations (2012), LI 2173 require, among other things, that mining companies procure inputs from Ghana, consistent with various economic and technical parameters.
John Peter Amewu, the Minister of Lands and Natural Resources, who launched the portal, commended the Ghana Chamber of Mines for the initiative.
He said plans at an advanced stage to engage a local content desk officer at the Ministry to drive the supply programme development.
He said cabinet had given approval for the set up of a supply centre development in Ghana, which will work with the Chamber to advance the cause of local content.