THE GHANA CHAMBER OF MINES
Factoid 2011
1.0 THE GHANA CHAMBER OF MINES
Est. 1928
1.1 Brief History
The first offices of the West Africa Chamber of Mines, which gave birth to the Ghana Chamber of Mines, were set up in 1903 with the principal
objective of advancing and protecting the mining interests of the shareholders. The Chamber was composed of directors of the Mining
Companies in London who, among other functions, had power to promote or oppose any legislative measures or petition government and
administrative bodies in the colony on many matters, which directly affected mining interests.
On 6th June 1928, the Gold Coast Chamber of Mines was incorporated as a private Company and operated at Tarkwa in the Western Region. On
Ghana’s attainment of independence on 6th March 1957, the name of the Chamber was altered to the Ghana Chamber of Mines. By a special
resolution on 6th May 1960, the form of the objects of the Chamber was also altered, and on 14th February 1964, the Chamber was converted
under the Companies Code 1963 (Act 179) into a Company Limited by Guarantee. In 1967, the registered offices of the Chamber moved to the
national capital, Accra.
The Chamber has since remained a voluntary private sector employers’ association representing companies and organizations engaged in the
minerals and mining industry in Ghana. Programmes and activities of the Chamber are funded entirely by its Member Companies, which are
largely responsible for producing almost all of Ghana’s minerals.
1.2 Vision
To be a respected, effective and unified voice for the mining industry.
1.3 Mission Statement
To represent the Mining Industry in Ghana using the resources and capabilities of its members to deliver services that address members,
government and community needs, in order to enhance development.
1.4 Core Values:
The principles that will guide decision making which the members of the Chamber will not compromise whilst achieving the mission and
pursuing the vision are:
 Honesty
 Transparency
 Good Governance
 Good Corporate Citizenship
 Commitment
THE GHANA CHAMBER OF MINES
Factoid 2011
 Unity
1.5 Objectives of the Chamber
The objectives of the Chamber taking into consideration the strategic challenges for achieving its vision are:
 Promote and protect the interests of the Mining Industry
 Promote and protect the image of the mining industry
 Establish and maintain effective membership governance
 Provide thought leadership for the solution of national issues related to mining
2.0 MINING IN GHANA
Mining remains a key industry for the growth and development of the country. The historical performance of Ghana’s mining industry is wellknown; especially, the production slump in the three decades prior to 1986 when as part of the country’s Economic Recovery Program the
Minerals & Mining Law of 1986 was promulgated to attract investment into the sector and to improve production.
The passage of the law did not only catalyse investment to improve production in the sector, but also increased inflow of foreign exchange from
mineral proceeds required to address the balance of payment crunch the country faced. Since the revival of the industry, its structure has
remained the same with the sector credited with bringing in significant amount of foreign exchange earnings, employment generation, mineral
royalties, employee income taxes payments etc.
2.1 HIGHLIGHTS OF PERFORMANCE OF THE INDUSTRY FOR 2011
Ghana’s mining industry performed quite well in 2011. The industry contributed in no small measure to the impressive 14.4% GDP growth the
economy chalked in the year. According to the Gold Fields Mineral Survey, Ghana was the 9th leading producer of gold in the World and the 2 nd
in Africa despite the 2% decrease in production from 92 tons in 2010 to 91 tons in 2011.
According to the Bank of Ghana, the mining industry’s contribution to total mechanized export was about 40% in 2011. No doubt the impact of the
exports of oil for a complete year in 2011 having commenced production in December 2010 diluted the dominant influence of the mining subsector in the country’s gross foreign exchange earnings.
The mining sub-sector once again maintained its 2010 position as the leading contributor to the Ghana Revenue Authority’s (GRA’s) domestic
collections with total payments of approximately GH¢ 1billion made by mining companies to the Authority’s chest. This represented 27.61%of
total GRA collections in 2011. This impressive payments performance was on account of increased mineral revenue as a result of higher gold
price, which translated into higher royalty payments. The higher gold price also accelerated some mining companies’ move into a corporate tax
THE GHANA CHAMBER OF MINES
Factoid 2011
paying position. Royalty payments were particularly high as the 5% rate kicked in for qualifying companies in March 2011. In addition, the
industry recorded higher PAYE payments on the back of significant appreciation in remuneration of employees.
Mining companies’ contribution to company tax, which covers corporate tax, withholding tax and levies was 38.27% of the total company tax that
GRA collected in 2011. On this account, the sector maintained its position as the highest payer of company tax during the year.
According to the Minerals Commission, the total investment inflow into the mining sub-sector in 2011 was US$780 million, up from the US$770
million recorded in 2010. These investments came from producing, exploration, and support service companies. Cumulatively, the investment
inflow into the sub-sector from 2000-2011 amounted to a little over US$6.2 billion.
The total mineral revenue of producing member companies of the Chamber rose significantly from US$ 3,724,847,388 in 2010 to US$ 4,778,502,161
in 2011 representing an increase of 28% primarily on account of the good price of gold, although revenue from manganese also went up in the
period.
Gold revenue increased by 28% from US$ 3,620,766,467 in 2010 to US$ 4,630,255,619 in 2011 due to an increase in the average realized price of gold
which appreciated by 30% from US$ 1,219 per ounce in 2010 to US$ 1,583 per in 2011. Gold production however fell by 2% from 2,970,079 ounces
in 2010 to 2,924,385 ounces in 2011. The increase in realized price of gold more than made up for the decline in output of the metal. The average
realized price of gold marginally exceeded that of the average spot price of the London Fix P.M. of US$ 1,571.52 per ounce recorded in the period.
The average aggregated cash cost was US$751 per ounce in 2011 compared with the US$ 684 recorded in 2010, an increase of 9.8%.
The average cash cost of US$751 per ounce was about 16.8% higher than the global average of US$643 per ounce, reflecting the country’s position
as a relatively high cost investment destination.
The mining industry continued to make a favourable impact on the economy of Ghana in 2011. Besides its contribution to the overall growth of
the economy and Ghana Revenue Authority’s collections, it positively stimulated economic activity as the proportion of mineral revenue returned
to the country increased appreciably from 68% in 2010 to 75% in 2011.
The industry returned an average of 20% of its revenue through the Bank of Ghana and an additional 55% through the commercial banks with
which the companies transact business.
The mining companies used their repatriations to the country, equivalent to 75% of gross mineral revenue to settle their statutory obligations in
the forms of corporate taxes, mineral royalties, and payments of emoluments to employees as well as payments for the supply of local inputs for
their operations.
To underscore its commitment to society, the industry voluntarily contributed an amount of about US$ 44 million to its host communities and the
general public to support causes that enhance sustainable development.
At the end of the year producing mining companies directly employed 14,257 persons of which 235 were expatriates. This implies that only 0.83%
of workforce directly engaged were expatriates.
THE GHANA CHAMBER OF MINES
Factoid 2011
3.0 GHANA IN THE GLOBAL MINING ARENA
3.1 TOP 20 GOLD PRODUCING COUNTRIES PRODUCTION (tons)
COUNTRY
South Africa
United
States
Australia
China
Russia
Indonesia
Peru
Canada
Uzbekistan
Ghana
Papua New
Guinea
Mali
Brazil
Tanzania
Chile
Philippines
Argentina
Mexico
Colombia
Zimbabwe
Kyrgyzstan
Venezuela
Kazakhstan
Rest of the
World
World Total
2002
418.9
298.7
RANK
1
2
2003
398.3
280.8
RANK
1
3
2004
363.3
260.3
RANK
1
2
2005
315.1
262.3
RANK
1
3
2006
295.7
251.8
RANK
1
2
2007
269.9
239.5
RAN
K
2
4
2008
234
RANK
2
2009
219.8
RANK
4
2010
203.3
RANK
5
2011
197.9
RANK
5
234
3
221.4
3
233.9
3
232.8
3
266.4
3
283.4
2
258.1
3
263.0
2
247.1
4
246.3
3
215
4
223.5
2
260.9
2
258.3
2
201.9
4
210.6
4
217.3
4
229.8
4
247.2
3
280.5
1
292
1
324.0
1
350.9
1
371.0
1
180.6
5
182.4
5
181.6
5
175.4
6
172.8
6
169.2
6
189
5
205.2
5
203.4
4
211.9
4
157.9
6
163.7
7
114.2
8
166.4
7
116.3
7
146.7
7
95
8
160.4
7
136.6
7
111.0
7
157.3
7
171.6
6
173.2
6
207.8
5
202.0
5
169.6
5
180
6
182.4
6
162.0
6
188.0
6
8
140.5
8
128.5
7
119.5
8
103.5
8
101.2
8
95
7
96.0
8
92.2
9
107.7
8
82.6
9
80.0
9
83.7
9
75.5
9
75.1
9
75.3
9
73
10
70.5
11
71.0
10
71.4
11
70.3
10
68.9
10
57.8
11
62.5
11
69.9
10
75.1
10
80
9
90.3
9
92.4
8
91.0
9
70
11
70.6
10
70.5
11
62.4
13
153.0
65.1
55.6
11
68.6
11
74.5
10
69.2
10
60.5
11
61.4
11
12
47.2
12
39.6
15
46.1
13
56.9
12
52.3
13
47
14
48.9
14
44.6
15
45.8
16
46.0
13
43.0
14
42.9
13
45.2
14
49.3
13
56.5
12
59
12
64.6
12
68.3
13
67.5
12
38.6
15
44.6
13
47.9
12
49.3
12
44.8
14
40.1
17
36
17
40.9
16
44.6
15
49.6
15
38.7
14
38.0
15
40.0
14
39.6
15
40.4
16
40.9
16
39
16
40.8
17
38.4
18
44.5
17
33.1
16
33.6
16
31.7
16
31.6
16
36.1
18
38.8
18
36
18
37.0
18
40.8
17
37.1
18
18
44.1
15
42.2
15
40
17
48.8
15
63.5
14
59.3
14
17
39.0
17
43.0
14
51
13
62.4
13
69.9
12
86.6
10
32.5
17
29.7
17
28.5
17
27.8
21.3
20
n/a
n/a
n/a
n/a
30.6
22.2
18
25.3
18
23.6
19
24.8
19
24.0
20
24.0
20
26
19
27.0
19
33.0
19
36.9
19
21.5
19
20.6
20
24.3
18
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
23
19
22.1
20
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
21.1
20
26.5
19
24.4
19
24
20
25
20
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
256
-
267
-
280
2,621
2,493.2
2,618
SOURCE: Gold Fields Mineral Survey
-
285.4
2,548.0
-
283.1
2486.2
-
n/a
n/a
20.6
22
26.9
20
36.7
20
278.9
296
-
334.4
-
381.7
-
451.0
-
2475.9
2409
2572
-
2,740.4
-
2,818.4
-
THE GHANA CHAMBER OF MINES
Factoid 2011
The country drifted from its 8th position in 2010 to 9th position in 2011 as the highest gold producing in the world. This did not adversely affect the
country’s enviable position as the second largest gold producer in Africa.
3.2 GOLD PRICE (2000-2011)
1800
1600
1400
1200
1000
800
600
400
200
0
2000
2001
2002
2003
2004
2005
2006
Average Realised Gold Price (US $)
2007
2008
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
3.3 NATURAL DIAMOND: ESTIMATED WORLD PRODUCTION, BY COUNTRY AND TYPE 1, 2, 3
Country and type4
Gemstones:
Angola
Armenia
(Thousand carats)
2006
2007
2008
2009
2010
8,258
184
8,016
101
12,445
50
12,500
50
e
100
e
8,732
123
Australia
7,305
231
273
220
Botswanae
24,000
25,000
25,000
24,000
Brazile
Canada
Central African Republice
Chinae
Congo (Kinshasa)
Côte d’Ivoiree
Ghana
Guinea
Guyana
Lesotho
Namibia
Russiae
Sierra Leone
South Africae
Tanzaniae
Venezuelae
Zimbabwee
Other6
Total
Industrial:
Angolae
Australia
181
182
182
13,278
17,144
14,803
340
370
302
100
5,800
-768
355
341
231
2,400
23,400
362
6,100
230
45
160
70
93,900
100
5,700
-671
815
269
454
2,266
23,300
362
6,100
239
45
100
75
92,300
100
4,200
-478
2,500
169
450
2,435
21,925
223
5,200
202
45
100
121
86,800
r
r
r
r
r
200
r,
e
25,000
r,
5
10,946
r,
5
r
e
5
r
r
249
100
3,700
-301
557
144
450
1,192
17,791
241
2,500
155
45
100
79
75,500
918
970
900
1,383
21,915
18,960
15,397
10,700
e
200
11,773
r,
5
r
r
r
r
e
r
5
r
r
r
r
r
r,
5
250
100
5,500
-300
550
144
460
1,200
17,800
240
3,500
77
45
50
70
79,900
1,300
9,900
e
e
e
e
THE GHANA CHAMBER OF MINES
Factoid 2011
Botswanae
Brazile
Central African Republice
Chinae
Congo (Kinshasa)
Côte d’Ivoiree
Ghana
Guinea
Russiae
Sierra Leone
South Africae
Tanzaniae
Venezuelae
Zimbabwee
Other7
Total
Grand total
8,000
600
8,000
600
8,000
600
85
93
74
965
23,100
-192
118
15,000
241
9,100
42
70
900
67
81,300
175,000
970
22,600
-168
200
15,000
241
9,100
44
70
600
84
77,700
170,000
1,000
16,700
-120
600
15,000
149
7,700
36
70
700
145
67,200
154,000
r
r
r
eEstimated. rRevised.
r
r
r
r
7,000
600
5
r
r
r
r
r
62
1,000
14,600
-75
139
15,000
160
3,600
27
70
850
115
55,400
131,000
7,000
600
r,
5
r
r
r
r
r
r
r
r
r
r
60
1,000
22,200
-75
130
15,000
160
5,400
14
70
800
118
63,800
144,000
e
e
-- Zero.
totals and estimated data are rounded to no more than three significant digits; may not add to
totals shown.
2Table includes data available through June 2, 2011.
3In addition to the countries listed, Nigeria and the Republic of Korea produce natural diamond and
synthetic
diamond, respectively, but information is inadequate to formulate reliable estimates of output levels.
4Includes near-gem and cheap-gem qualities.
5Reported figure.
6Includes Cameroon, Congo (Brazzaville), Gabon (unspecified), India, Indonesia, Liberia,
and Togo (unspecified).
7Includes Congo (Brazzaville), India, Indonesia, and Liberia.
1World
Source: U.S Geological Survey Minerals Year Book-2010
THE GHANA CHAMBER OF MINES
Factoid 2011
3.4) MANGANESE ORE: WORLD PRODUCTION, BY COUNTRY1, 2
(Thousand metric tons)
Country3
Australia:5
Gross weight
Mncontente
Brazil:7
Gross weight
Mn content
China:e, 8, 9
Gross weight
Mn content
Gabon:10
Gross weight
Mn content
Ghana:
Gross weight
Mncontente
India:11
Gross weight
Mn content
Kazakhstan, crude ore:
Gross weight
Mncontente
Mexico:12
Gross weight
Mn content
South Africa:10
Gross weight
Mn content
Ukraine:
Gross weight
Mn content,
percentagee, 4
2006
2007
2008
2009
2010
5,289
2,540
4,812
2,320
4,451
2,140
37–53
4,556
2,192
33–51
3,390
1,120
1,570
520
3,160
1,040
2,350
778
20–30
8,000
1,600
10,000
2,000
11,000
2,200
12,000
2,400
45–53
3,000
1,393
3,300
1,532
3,250
1,441
1,992
881
32–34
1,659
580
1,173
410
1,261
440
1,007
351
1,000
350
10–54
2,084
844
2,300
900
2,400
960
2,500
980
2,600
1,000
20–30
2,531
550
2,482
600
2,485
600
2,457
520
36–37
346
124
423
152
472
170
5,213
2,300
5,996
2,600
6,807
2,900
4,576
1,900
1,606
1,720
1,447
932
30–48+
6
e
e
e
330
119
6,465
3,100
r
r
2,400
780
p
p
13,000
2,600
r
r
r
r, e
r
e
3,201
1,416
e
3,042
640
485
175
7,172
2,900
1,589
e
THE GHANA CHAMBER OF MINES
Factoid 2011
Mncontente
30–35
546
e,
13
Other:
Gross weight
752
Mn content
XX
228
Total:
Gross weight
33,100
Mn content
XX
11,500
eEstimated. pPreliminary. rRevised. XX Not applicable.
580
865
275
r
r
r
r
r
35,100
12,100
492
r
316
r
540
1,220
434
r
1,180
411
r
1,720
672
38,300
13,000
r
33,800
10,800
r
r
r
r
1World
totals and estimated data are rounded to no more than three significant digits; may not add to totals shown.
includes data available through January 2, 2012. Data pertain to concentrates or comparable shipping product,
except that in a few instances the best data available appear to be for crude ore, possibly after some upgrading.
3In addition to the countries listed, Cuba, Panama, and Philippines may have produced manganese ore and (or)
manganiferous ore, but available information is inadequate to make reliable estimates of output levels.
4May be average content of each year’s production rather than for content of typical products.
5Metallurgical ore.
6Reported figure.
Production of beneficiated ore as reported in Mineral Summary, Brasilia, Brazil. Average content 43% Mn. Contains
imports from China and
South Africa.
8Includes manganiferous ore.
2Table
9.The International Manganese Institute estimated Chinese manganese ore production, in gross weight and Mn content,
respectively, to be in metric tons, as follows: 2006—11,000,000 and 2,200,000; 2007—14,000,000 and 2,800,000;
2008—19,000,000 and 3,400,000; 2009—15,000,000 and 2,700,000; and 2010—17,000,000 and 3,100,000.
10. Calculated metal content includes allowance for assumed moisture content. Includes ore and sinter.
11. Reported on a fiscal year-basis. Much of India’s production grades below 35% Mn; content averaged 38.3% Mn
for fiscal years 2006–07 through 2010–11.
12Mostly oxide nodules; may include smaller quantities of direct-shipping carbonate and oxide ores for metallurgical
and battery operations.
13Category represents the combined totals of Bosnia and Herzegovina, Bulgaria, Burkina Faso, Burma, Chile, Colombia,
Cote d’Ivoire, Egypt, Georgia, Hungary, Indonesia, Iran, Italy (from wastes), Morocco, Namibia, Romania,
Russia (crude ore), Sudan, Thailand, Turkey, and Zambia.
Source: U.S Geological Survey Minerals Year Book-2010
42,700
14,200
THE GHANA CHAMBER OF MINES
Factoid 2011
3.5) BAUXITE: WORLD PRODUCTION, BY COUNTRY1, 2
(Thousand metric tons)
Country
Australia
Bosnia and Herzegovina
Brazil
Chinae
Dominican Republic
Ghana
Greece
Guinea4
Guyana4
Hungary
India
Indonesia
Iran
Jamaica4, 5
Kazakhstan
Malaysia
Montenegro
Mozambique
Pakistan
Russia
Sierra Leone
Suriname
Tanzania
Turkey6
United States
Venezuela
Vietname
Total
2007
62,398
867
25,461
30,000
500
748
2,126
18,519
2,239
546
20,343
18,700
500
14,568
4,963
157
667
9
27
5,775
1,169
5,054
5
344
NA
5,323
80
221,000
r
r
r
r
2008
61,389
1,018
28,098
35,000
400
796
2,176
18,400
2,109
511
21,210
20,800
500
14,363
5,160
295
672
5
25
5,675
954
5,200
21
350
NA
4,192
80
229,000
r
r
r
r
e
r
r
2009
65,231
556
28,060
40,000
-490
2,100
15,600
1,485
317
16,000
16,000
500
7,817
5,130
263
46
4
12
5,775
757
5,388
123
200
NA
4,267
80
216,000
r
r
r
r
r
r
e
r
r
2010
68,414
828
31,700
44,000
-512
2,100
17,400
1,083
365
18,000
23,500
500
8,540
5,310
124
61
9
32
5,520
1,089
3,104
130
350
NA
2,500
80
235,000
r
r
r
r
r
r
r
r
r
r
r
e
r
2011e
69,976
830
31,800
45,000
-400
2,100
17,593
1,818
400
19,000
37,100
500
10,189
5,495
188
60
13
28
5,890
1,457
4,000
130
300
NA
4,500
600
259,000
3
3
3
3
3
3
3
3
3
THE GHANA CHAMBER OF MINES
Factoid 2011
eEstimated. rRevised.
NA Not available. -- Zero.
totals and estimated data are rounded to no more than three significant digits; may not add
to totals shown.
2Table includes data available through July 9, 2012.
3Reported figure.
4Dry bauxite equivalent of crude ore.
5Bauxite processed for conversion to alumina in Jamaica plus kiln-dried ore prepared for export.
6Public-sector production only.
1World
Source: U.S Geological Survey Minerals Year Book -2011
4.0 Gross Domestic Product (GDP)
4.1 Distribution of Gross Domestic Product (at Basis Prices) by Economic Activity (2007-2011)
Sectors
Contribution (%)
2007
2008
2009
2010*
2011**
AGRICULTURE
29.1
31.0
31.8
29.8
25.6
Crops
20.3
22.4
23.6
21.7
19.3
o.w. Cocoa
2.7
2.5
2.5
3.2
3.6
Livestock
2.3
2.1
2.0
2.0
1.8
Forestry and Logging
4.2
3.7
3.7
3.7
2.8
Fishing
2.3
2.7
2.5
2.3
1.7
20.7
20.4
19.0
19.1
25.9
Mining and Quarrying
2.8
2.4
2.1
2.3
8.5
o.w. Crude Oil
0.0
0.0
0.0
0.4
6.8
Manufacturing
9.1
7.9
6.9
6.8
6.7
Electricity
0.6
0.5
0.5
0.6
0.6
Water and Sewerage
1.0
0.8
0.7
0.8
0.8
INDUSTRY
THE GHANA CHAMBER OF MINES
Factoid 2011
Construction
SERVICES
Trade; Repair Of Vehicles, Household Goods
7.2
8.7
8.8
8.5
9.2
50.2
48.6
49.2
51.1
48.5
6.1
6.0
5.9
6.2
6.3
Hotels and Restaurants
5.6
6.0
6.2
6.0
5.4
Transport and Storage
13.1
11.4
10.5
10.6
10.1
Information and communication
2.4
2.2
1.8
1.9
1.8
Financial Intermediation
3.4
3.8
4.3
5.2
4.5
Business, real estate and other service
4.7
4.1
4.1
4.5
4.7
Public Administration & Defence; Social
5.9
6.3
7.0
7.0
6.4
Education
3.9
3.9
4.2
4.3
4.2
Health And Social Work
1.4
1.3
1.4
1.6
1.3
Other Community, Social & Personal Service
3.7
3.6
3.7
4.0
3.9
100.0
100.0
100.0
100.0
100.0
GROSS DOMESTIC PRODUCT at_basic_prices
* 2010 estimates finalised on April 11, 2012
** 2011 estimates revised on April 11, 2012
Data source: Ghana Statistical Service
THE GHANA CHAMBER OF MINES
Factoid 2011
4.2 Growth Rates of GDP by Sector at 2006 Constant Prices (2007-2011)
Sectors
Growth rate (%)
2007
2008
2009
2010*
2011**
AGRICULTURE
-1.7
Crops
-1.3
7.4
7.2
5.3
0.8
8.6
10.2
5.0
3.7
o.w. Cocoa
-8.2
3.2
5.0
26.6
14.0
4.7
5.1
4.4
4.6
5.1
Forestry and Logging
-4.1
-3.3
0.7
10.1
-14.0
Fishing
-7.2
17.4
-5.7
1.5
-8.7
INDUSTRY
6.1
15.1
4.5
6.9
41.1
Mining and Quarrying
6.9
2.4
6.8
18.8
206.5
-1.2
3.7
-1.3
7.6
13.0
-17.2
19.4
7.5
12.3
-0.8
1.2
0.8
7.7
5.3
2.9
23.1
39.0
9.3
2.5
20.0
SERVICES
7.7
8.0
5.6
9.8
8.3
Trade; Repair Of Vehicles, Household Goods
5.4
9.5
5.4
13.3
17.9
Hotels and Restaurants
2.5
9.1
-3.8
2.7
3.6
Transport and Storage
9.2
3.8
4.4
8.0
3.3
Information and communication
4.1
19.5
3.9
24.5
17.0
18.4
10.8
9.3
16.7
1.0
3.2
0.0
0.2
13.9
14.0
Public Administration &Defence; Social
11.3
12.7
11.7
3.4
7.4
Education
10.0
13.0
12.4
5.3
3.8
Health And Social Work
3.8
4.4
15.2
11.2
5.0
Other Community, Social & Personal Service
8.9
9.2
7.5
10.7
13.0
Livestock
o.w. Crude Oil
Manufacturing
Electricity
Water and Sewerage
Construction
Financial Intermediation
Business, real estate and other service
THE GHANA CHAMBER OF MINES
Factoid 2011
GROSS DOMESTIC PRODUCT
4.5
9.3
5.8
7.9
13.4
at_basic_prices
Net indirect Taxes
x
x
x
x
x
GROSS DOMESTIC PRODUCT
in_purchasers'_value
6.5
8.4
4.0
8.0
14.4
* 2010 estimates finalised on April 11, 2012
** 2011 estimates revised on April 11, 2012
Data source: Ghana Statistical Service
4.3Total Contributions to GRA (Domestic Division) by Sector 2008-2011
CONTRIBUTIONS TO IRS 200-2011
SECTORS
Agriculture, hunting
and forestry
Fishing
Mining
Quarrying
and
Oil & Gas
Manufacturing
Electric
Gas
water
Construction
Construction
equipment
and
CONTRIBUTION 2008
CONTRIBUTION 2009
CONTRIBUTION 2010
CONTRIBUTION
2011
GH¢
GH¢
GH¢
GH¢
% to total
Ghana
%
to
total
Ghana
%
to
total
Ghana
%
to
total
Ghana
9,829,413.91
0.8
9,120,115.59
0.53
10,926,086,.25
0.45
13,175,279
2,202,377.53
0.18
2,873,952.07
0.17
3,214,272.21
0.13
5,296,392
179,978,382.76
14.72
319,022,675.68
18.42
519,682,174.41
21.29
1,034,221,712
N/A
N/A
N/A
N/A
N/A
N/A
16,214,971
0.43
103,771,220.46
8.49
135,673,322.07
7.83
169,500,714.63
6.94
266,228,347
7.11
29,366,902.01
2.4
37,914,044.15
2.19
49,507,359.17
2.03
62,397,848
33,981,073.61
2.78
41,513,864.39
2.4
55,921,205.73
2.29
95,451,523
0.35
0.14
27.61
1.67
and
2.55
THE GHANA CHAMBER OF MINES
Factoid 2011
Wholesale and retail
93,542,555.36
7.65
127,391,177.68
7.36
206,659,420.84
8.47
263,111,198
7.02
Hotel and Restaurant
12,732,124.69
1.04
13,683,223.18
0.79
14,051,092.18
0.58
18,589,133
0.5
Transport
21,867,163.31
1.79
26,638,050.83
1.54
26,170,901.76
1.07
59,397,218
1.59
Storage
32,259,560.79
2.64
64,876,956.46
3.75
101,771,112.21
4.17
98,392,534
2.63
Communication
143,136,107.15
11.71
178,889,331.41
10.33
168,131,679.54
6.89
183,518,522
4.9
Fin. Intermediation
Real
Estate
and
renting activities
188,560,959.67
15.43
268,343,906.72
15.5
317,177,340.40
12.99
532,967,730
14.23
7,659,914.15
0.63
14,116,251.99
0.82
25,087,038.20
1.03
35,301,340
7,722,304.55
0.63
10,736,496.32
0.62
16,161,635.67
0.66
19,939,629
75,930,405.12
6.21
60,417,933.77
3.49
79,473,583.27
3.26
127,585,391
Computer, Reg. and
Development
Other
Professions
and
business
activities
Public
Administration and
Defence
Education
Health and Social
work
Other Social and
personal
service
activities
Private
Household
Employment
Extra Territorial Org.
and Bodies
TOTAL
0.94
0.53
3.41
192,498,690.06
15.75
312,673,804.80
18.06
375,729,558.10
15.39
505,792,297
31,225,426.50
2.55
39,890,642.81
2.3
59,591,481.81
2.44
68,640,771
7,477,270.23
0.61
11,981,166.15
0.69
18,798,635.78
0.77
25,771,085
42,195,803.84
3.54
45,529,578.40
2.63
76,521,855.65
3.13
74,566,123
13.5
1.83
0.69
1.99
112,121.97
0.01
434,850.47
0.03
1,519,356.97
0.06
453,306
6,222,399.33
0.51
9,911,689.12
0.57
8,497,422.83
0.35
9,767,808
1,222,272,177.00
Data source: Ghana Revenue Authority
100
1,731,633,034.06
100
2,441,331,841.81
100
3,746,024,194
0.01
0.26
100
THE GHANA CHAMBER OF MINES
Factoid 2011
4.4 CONTRIBUTIONS TO GRA CORPORATE TAX COLLECTION BY SECTOR- (2008-2011)
CONTRIBUTION 2008
GH¢
%
to
total
Ghana
SECTORS
Agriculture,
and forestry
hunting
Fishing
Mining and Quarrying
CONTRIBUTION 2009
GH¢
%
to
total
Ghana
CONTRIBUTION 2010
GH¢
%
to
total
Ghana
CONTRIBUTION 2011
GH¢
%
to
total
Ghana
4,717,439.00
0.85
3,695,707.34
0.5
6,052,618.67
0.6
7,561,460
0.45
1,508,696.79
0.27
2,130,597.03
0.29
1,981,432.19
0.2
3,106,636
0.18
73,554,696.84
13.25
124,600,880.13
16.9
241,578,780.28
24.07
649,902,536
38.27
0
Oil & Gas
63,919,601.30
11.52
87,515,621.90
11.87
115,630,762.94
11.52
181,179,609
10.67
8,229,675.02
1.48
10,867,064.30
1.47
14,479,720.64
1.44
12,773,797
0.75
16,652,482.67
3
20,445,902.68
2.77
30,003,350.98
2.99
63,758,199
3.75
Wholesale and retail
45,411,392.70
8.18
66,840,180.34
9.06
134,493,694.94
13.4
164,140,565
9.67
Hotel and Restaurant
6,422,885.52
1.16
6,282,652.24
0.85
5,708,462.09
0.57
8,529,680
0.50
Transport
4,693,602.21
0.85
6,107,313.69
0.83
6,347,737.59
0.63
25,238,320
1.49
Manufacturing
Electric Gas and water
Construction
and
Construction
equipment
9,975,577.54
1.8
29,380,044.07
3.98
48,047,952.08
4.79
39,906,971
2.35
Communication
127,609,739.91
22.99
147,167,068.41
19.96
131,190,051.80
13.07
142,693,590
8.40
Fin. Intermediation
Real Estate and renting
activities
116,332,502.26
20.96
165,487,339.61
22.44
188,958,920.07
18.82
290,812,562
17.13
1,303,162.33
0.23
2,944,948.47
0.4
6,890,227.22
0.69
8,735,844
0.51
2,770,889.87
0.5
3,787,311.97
0.51
2,783,116.02
0.28
7,759,234
0.46
Other Professions and
business activities
42,137,503.12
7.59
18,445,648.75
2.5
16,365,925.03
1.63
45,872,892
2.70
Public Administration
and Defence
666,104.56
0.12
10,157,800.77
1.38
3,444,793.83
0.34
4,826,436
0.28
Education
2,264,879.32
0.41
4,223,011.78
0.57
3,649,904.64
0.36
7,295,575
0.43
Health and Social work
1,727,524.89
0.31
3,643,510.29
0.49
4,792,283.41
0.48
9,153,643
0.54
Storage
Computer, Reg.
Development
and
THE GHANA CHAMBER OF MINES
Factoid 2011
Other
Social
and
personal
service
activities
Private
Household
Employment
Extra Territorial Org.
and Bodies
22,123,930.83
3.99
20,505,272.32
2.78
39,469,217.56
3.93
22,989,074
1.35
45,530.59
0.01
117,764.80
0.02
1,243,205.64
0.12
269,123
0.02
2,925,143.63
0.53
3,126,437.75
0.42
747,123.91
0.07
1,530,010
0.09
554,992,960.90
TOTAL
Data source: Ghana Revenue Authority
100
737,472,078.64
100
1,003,859,281.53
100
1,698,035,757
100.00
The Mining and Quarrying sector maintained its position as the leading contributor to GRA’s corporate tax collections in 2011.
4.5 CONTRIBUTION TO GRA’s PAYE COLLECTION BY SECTOR (2008-2011)
SECTORS
Agriculture, hunting and
forestry
Fishing
Mining and Quarrying
CONTRIBUTION 2008
GH¢
% to
total
Ghana
CONTRIBUTION 2009
GH¢
% to
total
Ghana
CONTRIBUTION 2010
GH¢
% to
total
Ghana
CONTRIBUTION 2011
GH¢
% to
total
Ghana
4,697,007.59
0.92
4,820,556.77
0.62
4,435,582.18
0.45
5,104,440
0.39
663,887.56
0.13
731,040.77
0.09
1,206,863.91
0.12
2,137,709
0.16
47,139,242.31
9.19
103,061,985.35
13.21
132,469,709.91
13.5
161,822,107
12.43
16,214,971
1.25
Oil & Gas
Manufacturing
38,201,918.29
7.45
46,345,380.23
5.94
50,796,413.34
5.18
81,409,587
6.25
Electric Gas and water
20,987,600.99
4.09
26,803,250.72
3.43
34,769,499.45
3.54
49,095,765
3.77
Construction and
Construction equipment
12,747,848.22
2.49
15,962,492.34
2.05
16,805,685.22
1.71
20,600,331
1.58
Wholesale and retail
23,872,267.76
4.66
30,944,853.45
3.96
41,710,910.06
4.25
56,282,205
4.32
Hotel and Restaurant
5,225,147.09
1.02
6,464,643.34
0.83
6,839,482.20
0.7
8,348,913
0.64
Transport
9,102,610.08
1.78
12,249,946.78
1.57
10,637,238.94
1.08
23,053,378
1.77
Storage
8,296,008.60
1.82
16,193,773.62
2.07
24,127,599.30
2.46
17,777,089
1.37
THE GHANA CHAMBER OF MINES
Factoid 2011
Communication
14,892,988.45
2.9
31,170,800.90
3.99
36,481,100.46
3.72
40,230,534
3.09
Fin. Intermediation
Real Estate and renting
activities
67,386,604.27
13.14
93,171,266.65
11.94
113,671,524.26
11.58
151,736,394
11.66
2,609,638.37
0.51
3,223,844.71
0.41
4,470,091.28
0.46
9,590,105
0.74
Computer, Reg. and
Development
4,560,735.08
0.89
6,543,176.30
0.84
12,959,479.92
1.32
11,606,187
0.89
Other Professions and
business activities
9,461,426.95
1.85
11,206,778.76
1.44
13,546,617.22
1.38
22,583,547
1.74
Public Administration
and Defence
191,616,208.02
37.38
302,177,936.74
38.72
371,863,211.75
37.89
499,714,628
38.39
27,083,584.52
5.28
33,949,947.22
4.35
53,766,477.41
5.48
58,106,229
4.46
4,663,070.41
0.91
6,643,276.63
0.85
11,159,438.36
1.14
12,878,439
0.99
16,325,586.68
3.18
22,091,410.59
2.83
31,882,690.61
3.25
44,976,669
3.46
20,496.90
0
245,427.71
0.03
193,163.55
0.02
175,508
0.01
3,125,960.71
0.61
6,468,721.88
0.83
7,596,377.27
0.77
8,077,029
0.62
512,679,838.85
100
780,470,511.46
100
981,389,156.60
100
1,301,521,764
100
Education
Health and Social work
Other Social and
personal service
activities
Private Household
Employment
Extra Territorial Org.
and Bodies
TOTAL
Data source: Ghana Revenue Authority
The Mining and Quarrying sector ranked 2nd in terms of contribution to Pay as You Earn (PAYE) collections after the Public Administration and
Defence sectors in 2011.
THE GHANA CHAMBER OF MINES
Factoid 2011
4.6 MINING’S CONTRIBUTION TO TOTAL ROYALTIES (1993-2011)
YEAR
MINERAL
ROYALTIES
('000)
TOTAL
ROYALTIES
('000)
%
MINING
CONTRIBUTION
1993
7,485,121
7,578,993
98.8%
1994
12,783,689
12,889,288
99.2%
1995
20,911,926
21,165,378
98.8%
1996
35,527,027
36,554,637
97.2%
1997
34,594,950
34,892,890
99.1%
1998
49,841,242
51,246,019
97.3%
1999
48,620,419
49,904,743
97.4%
2000
118,736,935
120,402,330
98.6%
2001
127,358,386
128,658,185
99.0%
2002
153,452,471
154,282,756
99.5%
2003
200,867,945
202,377,432
99.3%
2004
215,743,706
219,754,239
98.2%
2005
235,951,903
245,129,408
96.3%
2006
2007*
2008*
316,254,789
40,882
59,005
357,167,242
41,844
62,915
88.5%
97.7%
93.8%
THE GHANA CHAMBER OF MINES
Factoid 2011
2009*
2010*
2011*
90,416
144,697
222,024
96,653
150,539
224,966
93.5%
96.1%
98.7%
Data source: Minerals Commission, Statistical overview of Ghana’s Mining Industry (1993-2003)
Internal Revenue Service/GRA (2004-2010)
* Contributions for 2007 to 2011 are in GH¢. All others are in cedis, (¢10,000: GH¢1)
4.7a Investments in the Mining Sector (2000—2011)
B. SUPPORT SERVICES
Year
US$M
2000
22.47
2001
21.69
2002
18.65
2003
21.8
2004
23.39
2005
25.9
2006
23.48
2007
24.56
2008
27.83
2009
28.3
2010
30.8
2011
24.5
TOTAL
293.37
Data source: Minerals Commission
THE GHANA CHAMBER OF MINES
Factoid 2011
4.7b Total Investments inflow into the Mining Sector (2000—2011)
YEAR
Producing
Companies
US$m
Exploration
Companies
US$m
Support Service
Companies US$m
TOTAL US$m
2000
29.91
179.4
22.47
231.78
2001
108.63
145.21
21.69
275.53
2002
110.5
186.44
18.65
315.59
2003
325.69
198.13
21.8
545.62
2004
407.58
207.36
23.39
638.33
2005
543.12
228.5
25.9
797.52
2006
330.36
232.9
23.48
586.74
2007
410.25
235.41
24.56
670.22
2008
466.75
270.72
27.83
765.3
2009
511
222.96
28.3
762.26
2010
508.2
231
30.8
770
2011
513.6
242
24.5
780.1
4,265.59
2,580.03
293.37
7,138.99
TOTAL
Data source: Minerals Commission,
THE GHANA CHAMBER OF MINES
Factoid 2011
4.7c Trend of Total Investment inflow into the Mining Industry (2000-2011)
TRENDS IN TOTAL INVESTMENT INFLOW INTO THE MINING INDUSTRY
2000-2011
900
799.5
800
Million US Dollars
762.26
770
780
2008
2009
2010
2011
670.22
661.98
700
765.3
556.44
600
500
400
300
231.78
275.53
313.72 330.43
200
100
0
2000
2001
2002
2003
2004
2005
2006
2007
Years
Source: Minerals Commission
4.8 CAPEX
Producing mining companies made a Capital Expenditure of about US$821,061,062 on plant, machinery and equipment in 2011.
THE GHANA CHAMBER OF MINES
Factoid 2011
4.9 Percentage Export Merchandise
Mineral exports of producing members of the Chamber as well as exports of PMMC and Asap Vasa amounted to US$ 4,778,502,161 in 2011. The
mining industry’s contribution to total mechanized exports was about 40% in 2011. Income terms-of-trade multiplier arises from the positive
impact that mineral export earnings have on the balance of payments, foreign reserves, monetary policy and ultimately upon the general level of
business activity in the country.
4.10 MINING SECTOR CONTRIBUTIONS (1990-2011)
YEAR
CORPORAT
E TAX
MINERAL
ROYALTIES
PAYE
RECONSTRUCTION
LEVY
TOTAL
MINING
CONTRIBUTI
ON TO
GRA/IRS
TOTAL IRS
%MINING/TOTAL
1990
2,825,941,158
1,893,436,000
4,719,377,158
52,818,068,300
8.94%
1991
821,844,979
3,021,277,000
3,843,121,979
61,485,625,496
6.25%
1992
455,051,883
4,545,804,000
5,000,855,883
74,931,531,366
6.67%
1993
4,393,447,293
7,485,121,000
2,649,306,000
14,527,874,293
113,236,997,000
12.83%
1994
7,214,082,000
12,783,689,000
4,810,802,000
24,808,573,000
166,595,941,000
14.89%
1995
20,392,973,000
20,911,926,000
7,951,763,000
49,256,662,000
275,513,201,000
17.88%
1996
9,160,528,000
35,527,027,000
16,834,543,000
61,522,098,000
424,491,908,000
14.49%
1997
9,868,796,000
34,594,950,000
25,022,023,000
69,485,769,000
605,782,577,000
11.47%
1998
14,450,773,000
49,841,242,000
31,016,506,000
95,308,521,000
785,436,693,000
12.13%
1999
31,117,108,000
48,620,419,161
27,839,260,000
107,576,787,161
901,663,758,000
11.93%
2000
15,789,167,000
118,736,935,173
59,243,800,000
193,769,902,173
1,409,445,273,000
13.75%
2001
24,812,893,000
127,358,386,430
4,251,467,579
232,534,425,009
1,950,162,751,000
11.92%
2002
23,501,158,000
153,452,471,032
76,111,678,000
101,457,668,00
0
26,474,633,878
304,885,930,910
2,757,747,781,032
11.06%
2003
68,137,702,000
194,387,579,429
141,049,450,00
16,785,882,702
420,360,614,131
3,824,078,389,429
10.99%
THE GHANA CHAMBER OF MINES
Factoid 2011
0
2006
100,331,114,00
0
269,889,639,00
0
404,361,775,00
0
316,254,789,000
134,357,711,00
0
194,058,939,00
0
216,525,776,00
0
2007*
47,415,690
40,882,042
34,587,597
-
123,021,866
901,242,340
14.42%
2008*
73,554,697
59,004,892
47,139,242
-
179,978,383
1,222,272,177
15.32%
2009*
124,600,880
90,415,902
103,061,985
-
319,022,676
1,731,633,034
18.21%
2010*
241,578,780.28
144,697,000
132,469,709.91
-
519,682,174.41
2,441,331,841.81
21.29%
2011*
649,902,536
161,822,107
-
1,034,221,712
3,746,024,194
27.61%
2004
2005
215,743,706,000
235,951,903,000
36,346,622,100
486,779,183,100
5,333,114,704,000
9.13%
22,957,004,700
722,857,485,700
6,446,385,048,000
11.21%
11,085,262,400
748,227,602,400
7,333,916,866,000
10.20%
Data source: Minerals Commission, Statistical overview of Ghana’s Mining Industry (1990-2003); Internal Revenue Service/ GRA (2004-2011)
* Contributions for 2007 to 2011 are in GH¢. All others are in cedis, (¢10,000: GH¢1)
4.11 Social Security Contributions
In 2011, producing mining companies of the Ghana Chamber of Mines paid an amount of GH¢ 27,545,431as social security contributions on behalf
of their employees. These are long-term funds which assist the country’s capital formation drive.
Indeed the mining industry contributes to capital formation multipliers which arise from mining companies’ influence in attracting foreign capital
to the country and in domestic capital formation.
THE GHANA CHAMBER OF MINES
Factoid 2011
5.0 MAJOR MINERALS PRODUCTION IN GHANA
5.1 PRODUCTION TREND FOR GOLD
Production Trend in Ounces (1990-2011)
3,500,000
2,970,080
2,930,328
2,924,385
3,000,000
2,353,000
2,500,000
2,000,000
1,644,622
1,630,309
2,315,000
2,257,681
2,208,154
2,205,473
2,149,372
2,115,196
1,794,497
1,550,814
1,396,887
1,251,010
1,500,000
1,000,000
2,585,993
2,486,821
2,244,680
946,269
1,006,943
522,517
500,000
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Chamber of Mines Annual Reports
THE GHANA CHAMBER OF MINES
Factoid 2011
5.2 PRODUCTION TREND FOR DIAMOND
Production Trend in Carats (1990-2011)
1,200,000
1,062,930
970,751
1,000,000
924,638
870,490
911,809
823,125
800,000
746,949
702,172
714,717
627,319
596,236
600,000
837,586
927,000
680,343
627,000
598,042
698,585
484,877
584,848
354,443
400,000
283,369
200,000
308,679
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Chamber of Mines Annual Reports
THE GHANA CHAMBER OF MINES
Factoid 2011
5.3 SALES TREND FOR BAUXITE
Sales Trend in Tonnes (1990-2011)
1,000,000
885,770
900,000
800,000
700,000
512,977
500,000
300,000
381,373
423,747
352,921
504,401
473,218
426,128
503,825
442,514
355,260
748,232
693,991
647,231
600,000
400,000
726,608
715,455
494,716
498,060
490,367
400,069
512,208
338,244
200,000
100,000
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Chamber of Mines Annual Reports
THE GHANA CHAMBER OF MINES
Factoid 2011
5.4 SALES TREND FOR MANGANESE
*Sales Trend of Manganese in Tonnes (1990-2011)
2,000,000
1,827,692
1,714,797
1,800,000
1,593,778
1,600,000
1,658,701
1,509,432
1,400,000
1,212,338
1,200,000
1,156,339 1,089,021
1,132,000
1,000,000
800,000
638,937
638,937
600,000
364,373
325,964
400,000
294,789
353,476
200,000
1,012,941
1,194,074
348,406
245,432
271,989
273,224
161,690
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Chamber of Mines Annual Reports
THE GHANA CHAMBER OF MINES
Factoid 2011
6.0 MAJOR MINERAL REVENUE IN GHANA
6.1 REVENUE TREND FOR GOLD (US Dollars)
Revenue trend for Gold (2004-2011)
5,000,000,000
4,630,255,619
4,500,000,000
4,000,000,000
3,620,766,467
3,500,000,000
2,842,821,528
3,000,000,000
2,500,000,000
2,202,878,021
2,000,000,000
1,711,511,381
1,327,455,774
1,500,000,000
1,000,000,000
731,232,992
903,899,619
500,000,000
0
2004
Source: Chamber of Mines Annual Reports
2005
2006
2007
2008
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
6.1 REVENUE TREND FOR DIAMOND (US Dollars)
Revenue Trend for Diamond (2004-2011)
40,000,000
34,729,560
35,000,000
30,021,594
30,000,000
26,366,914
26,010,921
25,000,000
18,892,292
20,000,000
14,850,558
15,000,000
11,126,089
10,000,000
6,991,088
5,000,000
0
2004
2005
Source: Chamber of Mines Annual Reports
2006
2007
2008
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
6.2 REVENUE TREND FOR BAUXITE (US Dollars)
Revenue Trend for Bauxite (2004-2011)
25,000,000
22,564,545
19,686,731
20,000,000
19,810,287
18,022,283
15,145,755
15,000,000
13,406,433
11,157,480
10,615,787
10,000,000
5,000,000
0
2004
2005
Source: Chamber of Mines Annual Reports
2006
2007
2008
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
6.3 REVENUE TREND FOR MANGANESE (US Dollars)
*Revenue Trend for Manganese (2004-2011)
140,000,000
119,989,551
120,000,000
100,000,000
77,809,077
80,000,000
62,348,266
64,860,940
60,000,000
39,028,514
40,000,000
36,831,651
30,247,600
39,932,287
20,000,000
0
2004
2005
2006
2007
2008
*The above data reflects export sales only (excludes local sales) of Ghana Manganese Company.
Source: Chamber of Mines Annual Reports
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
7.0 LABOUR IN THE MINING SECTOR
7.1 Employment
At the end of the 2011 year producing mining companies directly employed 14,477persons of which 235 were expatriates. This implies that only
0.83% of the workforce directly engaged at the mines were expatriates.
Mining Sector Employment (1994-2011)
25,000
20,000
15,000
10,000
5,000
1994
1995
1996
1997
1998
1999
2000
Gold
Data source: The Ghana Chamber of Mines
2001
Bauxite
2002
2003
Manganese
2004
2005
Diamond
2006
2007
2008
2009
2010
2011
THE GHANA CHAMBER OF MINES
Factoid 2011
8.0 SOCIO – ECONOMIC CONTRIBUTIONS
8.1 Socio-Economic Contributions
The mining industry contributes to social multipliers which arise from the role of mining companies in the development of human resources and
infrastructure such as schools, colleges, clinics, roads, and housing.
Socio-economic contributions
Education
2004 (US$)
486,927
Health
Electricity
Roads
Water
Housing
Agro-Industry
Agriculture
Sanitation
Resettlement Action Plan
Alternative Livelihood Projects(others)
549,900
140,939
75,291
265,493
264,749
33
9,291
116,410
548,496
242,215
Others
Total
2005 (US$)
603,519
332,924
2006 (US$)
1,121,061
2007 (US$)
1,010,246
2008 (US$)
1,406,203
415,711
2009 (US$)
1,259,262
777,486
2010 (US$)
2,826,680
1,055,260
1,767,790
407,052
65,913
692,282
349,992
79,520
2,313
11,201
65,503
19,780
361,685
368,440
176,086
399,020
19,543
1,289,664
1,228,439
87,543
2,648,974
2,648,974
880,441
370,691
337,942
3,070,436
2,922,573
2011 (US$)
565,596
458,797
609,146
220,876
618,531
386,668
743,937
262,863
4,503,381
2,897,767
333,611
2,612,992
649,703
686,523
778,970
1,551,893
405,236
567,820
992,973
285,319
1,375,626
284,668
112,635
50,624
610,353
227,844
800,188
798,658
526,218
1,459,049
678,976
155,266
809,228
196,428
1,190,371
2,214,584
1,917,227
1,368,497
1,437,529
165,633
54,982
1,407,674
202,762
29,345,274
175,935
845,054
830,747
2,004,228
2,841,649
6,478,411
9,802,809
13,108,554
12,405,861
9,424,309
17,590,469
5,528,313
43,732,833
Source: Ghana Chamber of Mines
Producing members of the Chamber voluntarily contributed in excess of US$43 million and more than US$17.5 million in 2010 to their host
communities and general public.
THE GHANA CHAMBER OF MINES
Factoid 2011
8.2 Property Rates
In 2011, the producing members of the Chamber paid a total amount of GH¢1,488,612 to the various Municipal and District Assemblies within
which they work. Tarkwa Nsuaem, Prestea Huni-Valley, Obuasi, Bibiani Ahwianso were the main beneficiaries.
The property rates mining companies pay complement primary funds such as the District Assemblies Common Fund which are used in running
the municipalities and districts.
9. ENERGY
The mining companies’ usage of energy demonstrates its significant backward linkage into the local economy.
9.1 Electric Power
In 2011, the mining industry in Ghana used 1,544,061,732KWh of electric power and paid a total amount equivalent to about GH¢467 million for
the power they consumed. This was paid to VRA GRIDCO and ECG. Whiles in 2010, 1,543,615,309 KWh was used by the industry costing the
mining companies an amount equivalent to about GH¢239 million.
9.2 Diesel
The mining industry consumed 248,953,636 litres of diesel in 2011, compared to the 213,554,955 litres of diesel it used in 2010. The companies paid
an amount of GH¢483.86 million in 2011 and GH¢322,974,837 in 2010 for fuel consumption.
10.0 STATISTICS ON INCIDENTS
10.1 The number of incidents recorded on the various mines was made up as follows:
ACCIDENT/INCIDENT-2011
Fatal accidents
1st Qtr
2
NUMBER OF INCIDENTS
2nd Qtr
3rd Qtr
4th Qtr
1
1
4
Total
8
THE GHANA CHAMBER OF MINES
Factoid 2011
Serious accidents
Minor injuries
Non-casualty incidents
Non Employee (fatal)
6
18
27
0
ACCIDENT/INCIDENT 2010
Fatal accidents
Serious accidents
Minor injuries
Non-casualty incidents
Non Employee (fatal)
1st Qtr
1
9
52
0
0
11
50
47
1
8
36
52
1
8
49
65
0
NUMBER OF INCIDENTS
2nd Qtr
3rd Qtr
4th Qtr
0
3
0
14
13
3
35
22
67
0
0
0
0
0
0
NUMBER OF INCIDENTS
Qtr
2nd Qtr
3rd Qtr
4th Qtr
Fatal accidents
1
1
2
0
Serious accidents
20
10
9
8
Minor injuries
12
0
55
92
Non-casualty incidents
0
0
0
0
Non Employee (fatal)
4
0
0
0
Source: Inspectorate Division of Minerals Commission
*This includes incidents attributable to 3 rd party contractors operating at the mines.
33
153
191
2
Total
4
39
176
0
0
ACCIDENT/INCIDENT 2009
1st
Total
4
47
159
0
4
Improving health and Safety in the mining sector in Ghana is paramount. As a result, the Chamber of Mines believes that health and safety is not a
competitive but rather a collaborative issue, which involves the industry professionals and the wider stakeholder community.
THE GHANA CHAMBER OF MINES
Factoid 2011
APPENDIX A
A1: MAJOR MINERALS PRODUCTION IN GHANA (1970-2011)
Year
Gold (Ounces)
Diamond (Carats)
Bauxite (M/t)
Manganese
(M/t)
19701
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
714,442
693,770
710,013
731,711
709,550
583,103
515,654
531,084
465,651
387,730
437,669
349,870
335,724
311,707
282,641
283,819
447,796
328,939
374,051
418,070
522,517
946,269
1,006,943
1,251,010
2,355,797
2,542,100
2,482,822
2,375,582
2,406,860
2,255,227
2,231,791
2,085,511
1,817,818
1,391,058
1,227,071
1,016,580
893,016
529,767
450,049
505,295
878,943
435,900
277,966
160,729
484,877
702,172
596,236
584,848
259,993
361,038
356,479
330,351
327,627
383,087
282,084
271,090
271,448
213,679
224,501
179,598
63,530
52,676
53,421
122,512
273,602
196,255
284,527
347,065
381,373
352,921
338,244
423,747
354,726
455,253
476,690
533,789
255,393
282,291
384,162
343,228
321,443
342,051
368,593
260,409
176,871
177,154
243,260
325,905
498,996
295,061
259,614
333,743
364,373
325,964
353,476
294,789
THE GHANA CHAMBER OF MINES
Factoid 2011
Year
Gold (Ounces)
Diamond (Carats)
Bauxite (M/t)
Manganese
(M/t)
1994
1995
1996
1997
1998
1999
20002
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
1,396,887
1,630,309
1,550,814
1,644,622
2,353,000
2,257,681
2,315,000
2,205,473
2,115,196
2,208,154
1,794,497
2,149,372
2,244,680
2,486,821
2,585,993
2,930,328
2,970,080
2,924,385
746,949
627,319
714,717
698,585
823,125
680,343
627,000
870,490
924,638
927,000
911,809
1,062,930
970,751
837,586
598,042
354,443
308,679
283,369
426,128
512,977
473,218
504,401
442,514
355,260
503,825
715,455
647,231
494,716
498,060
726,608
885,770
748,232
693,991
490,367
512,208
400,069
271,989
245,432
161,690
273,224
348,406
638,937
638,937
1,212,338
1,132,000
1,509,432
1,593,778
1,714,797
1,658,701
1,156,339
1,089,021
1,012,941
1,194,074
1,827,692
Source: 1 1970 -1999 - Minerals Commission, Statistical overview Of Ghana’s mining industry
2 2000 – 2011 Chamber of Mines Annual Reports
THE GHANA CHAMBER OF MINES
Factoid 2011
APPENDIX B
B1: MAJOR MINERALS REVENUE IN GHANA (2004-2010)
Year
Gold (USD)
Diamond
(USD)
Bauxite
(USD)
Manganese
(USD)
2004
731,232,992
26,010,921
10,615,787
30,247,600
2005
903,899,619
34,729,560
18,022,283
39,028,514
2006
1,327,455,774
30,021,594
22,564,545
39,932,287
2007
1,711,511,381
26,366,914
19,686,731
36,831,651
2008
2,202,878,021
18,892,292
19,810,287
62,348,266
2009
2,842,821,528
6,991,088
11,157,480
64,860,940
2010
3,620,766,467
11,126,089
15,145,755
77,809,077
2011
4,630,255,619
14,850,558
13,406,433
119,989,551
Source: Chamber of Mines Annual Reports