Connect with us

Business

The New Mining Order: How Ghana Is Following Continental Trend to Assert Resource Control

Published

on

ACCRA – Ghana has given three international mining companies until December 2026 to shift operations to local contractors or face sanctions.

With this move, Ghana joins a growing list of African governments tightening resource rules to extract greater revenue from the continent’s mineral wealth.

The Minerals Commission’s directive to Newmont, AngloGold Ashanti and Chinese-owned Zijin reflects a broader continental shift as African nations move to assert greater control over their natural resources amid rising global prices for gold and other minerals.

The three companies are the only major miners still operating their own mines after most outsourced operations ahead of Ghana’s revised local ownership rules in January 2025.

Under the regulations, surface mining must be undertaken by fully Ghanaian-owned firms, while underground mining requires companies with at least 50 percent Ghanaian ownership.

The move places Ghana alongside other resource-rich African nations that have recently tightened their regulatory grip on foreign miners. In November, Mali ended a near two-year standoff with Barrick Gold over enforcement of its new mining code, a dispute that underscored the region’s determination to renegotiate the terms of resource extraction.

“African governments have been tightening mining rules to extract more revenue against a backdrop of rising prices for minerals and metals produced,” Reuters reported, citing industry observers.

Deadlines and Sanctions

According to separate letters sent to the three companies in October and January, the Minerals Commission rejected requests for extensions beyond December 2026. Newmont, which operates the Ahafo North and South gold mines, had sought full compliance by 2027, citing additional regulatory and governance requirements as a listed company.

Regulators turned down that request, noting that other listed miners, including Gold Fields, had already complied with the contract mining requirements.

The commission warned that miners failing to meet the deadline could face sanctions, though the nature of those penalties was not specified in the documents seen by Reuters.

Industry Response

Zijin’s Ghana unit has been engaging with the Minerals Commission since November 2025 to comply with the local content rules, including preparing tenders and technical frameworks for a shift to contract mining. Newmont and AngloGold did not immediately respond to requests for comment.

The Ghana Chamber of Mines is engaging with the commission on the issue, according to a source within the group. While describing contract mining as “a good option,” the source expressed reservations about the mandatory nature of the policy.

“If I can be more efficient, why shouldn’t I mine myself?” the source said.

A Continental Shift

The enforcement action in Ghana signals a broader realignment of power between African governments and international mining companies. For decades, foreign firms have negotiated favourable terms to extract the continent’s vast mineral resources. Now, with global demand for gold, lithium, cobalt and other critical minerals intensifying, African nations are leveraging their position to demand greater local participation and revenue sharing.

For Ghana, Africa’s top gold producer, the message is clear: foreign miners must integrate local firms into their operations or face consequences.

Whether the December 2026 deadline will hold, and what sanctions might follow for non-compliance, remains to be seen. But the direction of travel is unmistakable.

Business

US Eyes AI, Drones, and Rural 5G as Next Frontier in Ghana Partnership

Published

on

The United States is positioning emerging technologies including artificial intelligence, drone logistics, and rural 5G connectivity as the next frontier in its bilateral relationship with Ghana.

The move signals a strategic shift from traditional aid toward investment-driven partnership, Chargé d’Affaires Rolf Olson has announced.

Speaking at a celebratory event marking the 250th anniversary of American independence, Olson declared that the U.S.-Ghana relationship is entering a new phase defined by “not dependence, but resilience” and “a two-way exchange of investment, innovation, and expertise.”

Chargé d’Affaires Rolf Olson delivering remarks at the 250th Independence Day Celebration in Accra on June 10, 2026.

While acknowledging ongoing changes to the US foreign assistance framework, he emphasized that America remains the largest financial contributor to health emergencies across Africa — including $200 million to the current Ebola response — but pointed to commercial technology ventures as the model for future collaboration.

“As we greet this next phase of our partnership, we see enormous potential for U.S.-Ghana collaboration and commerce in emerging sectors – from digital technology to artificial intelligence, from advanced agriculture to cutting-edge energy techniques,” Olson told an audience of government officials, diplomats, and business leaders in Accra. “Ghana’s young innovators are positioned well to seize these types of opportunities.”

The Chargé d’Affaires highlighted concrete examples of technology-driven partnerships already underway.

He cited Zipline’s drone delivery network, which has completed 800,000 medical deliveries in Ghana since 2019, saving an estimated 10,000 lives, including 1,600 through emergency transport of snake anti-venom alone.

He also revealed US support for deploying “cutting-edge wireless technology at hundreds of base stations across Ghana,” aimed at expanding rural connectivity and bridging the digital divide across West Africa.

Olson framed the vision within a broader narrative of economic self-sufficiency, noting that more than 100 American companies are active in Ghana across energy, technology, and agriculture.

He pointed to Newmont, the single largest taxpayer in Ghana, where 99% of the workforce, including the Country Manager, is Ghanaian. Bilateral trade in goods and services reached approximately $4 billion last year, a figure Olson said “can grow.”

The diplomatic push comes alongside deepened security cooperation. Olson confirmed that just this week, US law enforcement handed over Sedina Tamakloe Attionu to Ghanaian authorities, fulfilling an extradition request, while Ghana has extradited multiple individuals wanted in the US for cyber-related fraud that has stolen tens of millions of dollars from American victims.

Reflecting on the historical ties that bind the two nations, from Richard Nixon meeting Martin Luther King Jr. in Accra in 1957 to Ghana being the first country to welcome Peace Corps volunteers in 1961, Olson concluded that the relationship is now mature enough to pivot toward technology, trade, and mutual resilience.

“Two hundred and fifty years into America’s independence and nearly 70 years into Ghana’s, we look to the future with optimism, confidence, and renewed purpose,” he said.

Continue Reading

Business

How Ghana Is Selling Itself as Africa’s Factory Floor for Belarus

Published

on

President John Dramani Mahama has positioned Ghana as a manufacturing and distribution gateway for Belarusian industry, pitching the country as a strategic entry point to Africa’s unified market of 1.4 billion people under the African Continental Free Trade Area (AfCFTA).

Speaking at the maiden Ghana–Belarus Business Forum in Minsk, President Mahama announced that Belarusian manufacturers of mining equipment will visit Ghana next week, following an agreement between both nations.

The visit signals a potential shift in how Belarusian heavy industry could serve African markets – not merely through exports from Eastern Europe, but through locally established operations within Ghana.

“The investors who establish operations in Ghana gain access not only to a domestic market of 34 million people, but also to the wider African market through the AfCFTA,” President Mahama told the forum. He noted that the trade bloc covers 1.3 billion people with a combined gross domestic product of US$1.3 trillion.

The President’s pitch rests on three pillars: market access, infrastructure investment, and regulatory stability. He highlighted Ghana’s US$10 billion five-year Big Push Infrastructure Programme, which prioritizes roads, railways, ports, airports, energy systems, and logistics networks.

These investments, he said, are designed to improve connectivity, reduce business costs, and enhance competitiveness for firms that establish local manufacturing or assembly operations.

“Investors today seek certainty, stability, and market access, and I can assure you Ghana provides all these three,” Mahama stated. “Our political credentials are strong, our legal and regulatory systems are transparent, investor protection is robust, and we guarantee repatriation of profits.”

The President also noted that Belarusian companies possess relevant expertise in transport infrastructure, power systems, industrial parks, logistics, road construction, railway development, and renewable energy – all sectors where Ghana is actively seeking foreign partnership.

For Belarus, a nation under sustained Western sanctions, deepening economic ties with Ghana offers an alternative channel to participate in one of the world’s fastest-growing continental markets. Rather than exporting finished mining equipment from Minsk, Belarusian manufacturers could establish assembly plants or joint ventures in Ghana, taking advantage of AfCFTA rules to distribute across the continent without the tariff barriers that would apply to direct exports from Europe.

President Mahama framed the opportunity in unequivocal terms: “For businesses seeking a strategic gateway into Africa, Ghana remains one of the continent’s most attractive destinations.”

The upcoming visit by Belarusian manufacturers will test whether that pitch translates into concrete investment. Industry observers will be watching for announcements on local assembly facilities, technology transfer agreements, and the scale of Belarusian commitment to Ghana’s industrialization agenda.

If successful, the partnership could serve as a template for how other non-African manufacturing nations – particularly those from Eastern Europe and Asia – use Ghana as a beachhead to serve the continent’s rapidly growing demand for industrial equipment, infrastructure inputs, and heavy machinery. If not, the visit may produce little more than diplomatic communiqués.

For now, Ghana has made its case. The next move belongs to Belarus.

Continue Reading

Business

Ghana’s Small-Scale Miners Now Produce Most of Its Gold

Published

on

For the first time in more than a century, small-scale miners have overtaken large-scale producers as Ghana’s primary source of gold, raising urgent questions about whether regulators can manage the environmental, social, and fiscal consequences of this historic shift.

According to the 2025 annual report released late Friday by the Ghana Chamber of Mines, the country’s total gold output rose by 23.41 percent to 5.94 million ounces, up from 4.82 million ounces in 2024.

The surge was driven almost entirely by the small-scale sector, which recorded a 63.82 percent increase in production – from 1.9 million ounces in 2024 to 3.11 million ounces in 2025.

As a result, small-scale mining now accounts for 52.4 percent of national gold output, overtaking large-scale producers for the first time in over a hundred years.

Michael Edem Akafia, the chamber’s outgoing president, presented the findings in Accra and attributed the performance to high output from small-scale operations. He projected that total gold production for 2026 could reach at least six million ounces, contingent on continued investment in the sector.

Ghana has long been one of Africa’s leading gold producers, with the precious metal remaining a critical pillar of the national economy.

However, the rapid ascent of small-scale mining presents a complex regulatory challenge. While the sector generates employment and foreign exchange, it has also been associated with environmental degradation, including water pollution from mercury use, deforestation, and damage to farmlands – a set of activities often linked to unlicensed operators known locally as galamsey.

Industry observers note that the production surge does not distinguish between licensed artisanal miners and informal operators. This ambiguity complicates efforts to track revenue, enforce environmental standards, and ensure that mining communities benefit from the wealth being extracted.

The Chamber of Mines has previously called for stricter monitoring of small-scale operations, as well as greater support for formalization.

Without effective regulation, analysts warn, the economic gains from the gold boom could be undercut by long-term environmental liabilities and lost state revenue from smuggling or under-declaration.

President John Dramani Mahama’s government now faces pressure to strike a delicate balance: encouraging the small-scale sector that has become the engine of gold growth while curbing the illegal and environmentally destructive practices that have long accompanied it.

The coming year will test whether Ghana’s regulatory framework can evolve as quickly as its mining landscape has changed. With output expected to climb further in 2026, the world is watching to see whether the country can turn a historic production milestone into sustainable and accountable prosperity.

Continue Reading

Trending