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Ghana earns over $5bn from export of minerals

By : Kofi Kafui Sampson on 06 Dec 2018, 04:23

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said that the country has raked in $5.8 billion from mineral exports from January to October 2018.The figure is against $6 billion raked in for the whole of 2017, an indication that the figure could be maintained or increased within the next two months.

The Ghanaian Times reports on Tuesday that Dr. Addison stated that in terms of foreign direct investment (FDI) flows into the economy, “we had identified as of 2005 that the mining sector has also attracted six billion in foreign direct investment flows into the national economy. So this trend shows that mining is indeed very important not only for export, but also for FDI flows.”

He was speaking at the fourth Ghana Mining Industry Awards in Accra.

The President of the Ghana Chamber of Mines, Mr. Eric Asubonteng, urged members to put in more efforts to strengthen the sector for more progress in the near future.