Ghana’s gold dominance under threat, Chamber of Mines chief warns

Ken Ashigbey, chief executive of the Ghana Chamber of Mines, has warned that Ghana’s gold dominance is at risk as mining investors shift to other West African countries with friendlier fiscal regimes.

Ken Ashigbey, chief executive of the Ghana Chamber of Mines, has warned that Ghana’s gold dominance is at risk as mining investors increasingly move to other West African countries offering friendlier fiscal regimes.

Ghana’s gold dominance challenged by regional competition

Ashigbey made the comments in a public statement highlighting what he described as a growing trend of mining capital flowing to neighbouring states. He said the shift in investor preference centred on fiscal terms, without naming specific countries or firms.

The Chamber of Mines represents major producers and service companies in Ghana’s mining sector. Its chief’s warning signals concern among industry leaders that the country may become less attractive if fiscal conditions are not competitive with those across the region.

The brief report did not provide details on the scale of potential losses or the precise policy changes investors are seeking. The Chamber did not make any immediate recommendations in the available material.

Policymakers and investors will watch the development, given mining’s role in Ghana’s economy. For now, the comments serve as an industry alert about regional competition for mining investment.

Source: MyJoyOnline.
Additional reporting by Nukunya News Desk.

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