Vice President Dr. Mahamudu Bawumia has lauded the small scale miners in Ghana for their hard work and effort in making Ghana the number one gold producer in the continent.
The Vice-President observed that it is estimated that small scale miners contribute up to 35% of Ghana’s total gold production, something he termed as ‘huge’
He made these remarks in an address during the maiden edition of Responsible Small Scale Mining Awards held at the Alissa Hotel on Wednesday, December 22
He described the maiden edition of the Responsible Small Scale Mining Awards as a historic and momentous one
He opined that he sees the award to be something peculiar because “all too often, our problem solving turns to focus more on chasing and punishing wrong doers and not recognising and rewarding those who do right and this is what makes this award different”.
“The award recognises players in small Scale Mining sector who despite the temptation to join the wrong doing bandwagon, have decided to stay within the relevant regulatory framework for the country and to operate responsibly,” he explained.
”As we all know, Ghana’s Gold production has increased significantly over the past few decades making it the leading Gold producer in Africa. The contribution of Small Scale Mining to this trend is commendable. Currently, it is estimated that the Small Scale Mining contributes about 35% to Ghana’s total Gold production and 35% is huge.”
He added “We have also persuaded the Bank of Ghana and they have also accepted to start a gold purchase programme , for the first time in the history, a deliberate gold purchase programme targeting purchasing gold from small scale mining sector.
“This is going to be a boost for the small scale mining sector when the Bank of Ghana comes in to buy some of your outputs to build the country’s gold reserves.”