URGENT
🇬🇭 GhanaBusiness

Ghana launches four new mining cooperatives in Tarkwa and Bogoso

By , based on MyJoyOnline

Ghana launches four new mining cooperatives in Tarkwa and BogosoAcephoto · CC BY-SA 4.0

Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah has inaugurated four artisanal mining cooperatives in the Western Region, as part of the fight against illegal gold mining. The rCOMSDEP programme aims to create jobs for young people and enforce environmental protection, according to MyJoyOnline.

The Ghanaian government on Monday inaugurated four new mining cooperatives in Tarkwa and Bogoso, in the Western Region, according to MyJoyOnline. Two are based in the Tarkwa-Nsuaem Municipality and two in the Prestea-Huni Valley District, as part of the rCOMSDEP programme.

The aim is to supervise artisanal gold mining and combat illegal exploitation, known as galamsey, by creating environmentally responsible cooperatives. Minister of Lands and Natural Resources Emmanuel Armah-Kofi Buah recalled that the destruction of the country’s forest reserves amounts to an area of more than 12,000 football pitches.

Share this article

Related stories

Mahama plans $9 billion for jobs

Ghanaian President John Dramani Mahama plans to invest more than $9 billion between 2027 and 2030 in sectors with high job-creation potential under the “New Economy” policy. The programme is to be detailed in the 2027 national budget, presented on 12 November, according to MyJoyOnline.

🇬🇭 Ghana · Source: MyJoyOnline ·

Ghana's 2027 budget: $10 billion in investment over four years

Finance Minister Cassiel Ato Forson is due to present the 2027 budget on 12 November, centred on a four-year $10 billion investment programme. According to economist Dennis Nsafoah, writing in MyJoyOnline, three questions arise: how much of these funds is genuinely new, how the larger deficit will be financed, and whether this is compatible with building up foreign exchange reserves.

🇬🇭 Ghana · Source: MyJoyOnline ·

Dangote expects 90,000 jobs in Lagos and $65bn of investment in Africa

The Dangote group expects more than 90,000 people to be working at its refinery, fertiliser and petrochemicals sites in Lagos next year. Its investment programme could reach $65 billion over four years, according to Aliko Dangote, as quoted by Daily Trust.

🇳🇬 Nigeria · Source: Daily Trust ·

Ghana targets investment-grade rating to cut borrowing costs

Ghana is seeking an investment-grade credit rating to reduce borrowing costs and widen access to financing. Finance Minister Cassiel Ato Forson links the goal to macroeconomic stability, credible policies and restored investor confidence, according to MyJoyOnline.

🇬🇭 Ghana · Source: MyJoyOnline ·

🇬🇭 Latest from Ghana

Map: GhanaIn Ghana, Ken Ashigbey says media support fund is insufficientFormer Graphic Communications Group head Ken Ashigbey believes the Media Development Fund and the bill announced by President Mahama will not be enough to secure the sector’s future. He calls for other sources of income for the media, according to MyJoyOnline.All Ghana news →

Business in West Africa

Map: LiberiaLiberia’s 2027 budget raises salaries for 17,000 public sector workersFinance Minister Augustine Kpehe Ngafuan has presented the draft 2027 budget of 1.539 billion US dollars, which provides for salary adjustments for more than 17,000 public employees. Requests for funding from institutions total about 3 billion US dollars, while debt obligations rise to 275.5 million US dollars.All Business news →

The week in Africa

This week’s highlights

  1. ANC falls to 30.76% in South African local elections🇿🇦 South Africa
  2. Kremlin hands Vladimir Medinski the Abu Dhabi talks on Ukraine🇦🇪 United Arab Emirates
  3. Oil: Brent falls to $91.88 a barrel as Trump downplays Iran escalation🇺🇸 United States
  4. Lompoul shipwreck: 39 bodies recorded, 23 identified and returned to families🇸🇳 Senegal
  5. Ebola: Pierre Somsé warns of spread risk in Central African Republic🇨🇫 Central African Republic
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

Free · one email a week · unsubscribe in one click. Your address is only used to send you the letter, never sold. Personal data

← Back to the news