Mining gives government GHS1.3billion

Mining gives government GHS1.3billion

The Minister of Lands and Natural Resources Kwaku Asomah-Cheremeh has said the mining sector has so far generated GH¢ 1.3 billion as government revenue.

This represents 17% of total government revenue gathered for the year 2019, as collected by the Ghana Revenue Authority.

According to him, this reflects an increase of 39% in the sector’s contribution to government revenue relative to the GH¢ 980 million contributed in 2018.

Speaking at a press conference in Accra on Wednesday September 11, Mr Asomah-Cheremeh said: “the benefits of mining to our country cannot be overstated. The sector is a key part of Ghana’s economy providing jobs for thousands and generating revenue for the Government.

“Notwithstanding these benefits, the negative impacts of mining cannot be ignored.

“Most prominent of these impacts is the environmental degradation. Government is therefore committed to ensuring that mining is done in a safe and environmentally friendly manner.”

He added : “ The permit me to highlight some key achievements as well as strategies being implemented under the Sector Medium Term Development Plan, SMTDP (2018 – 2021) to address the challenges of the mining sub-sector.

“Economy The sector has so far generated GH¢ 1.3 billion as government revenue, representing 17% of total government revenue gathered for the year 2019, as collected by the Ghana Revenue Authority.

“This reflects an increase of 39% in the sector’s contribution to government revenue relative to the GH¢ 980 million contributed in 2018.”

 

Source: Laudbusiness.com/Ghana (nartey.laud@yahoo.com)

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