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GOV’T REAFFIRMS COMMITMENT TO EXPANDING OPPORTUNITIES FOR GHANAIAN BUSINESSES IN MINING SECTOR

 

The Government has reaffirmed its commitment to expanding opportunities for Ghanaian businesses in the mining sector, with a focus on strengthening local enterprises and increasing their participation in the mining value chain.

Deputy Chief Executive Officer of the Minerals Commission, Emmanuel Kwamena Anyimah, gave the assurance at the 3rd Gold Fields Ghana Suppliers Conference in Tarkwa. He said stronger local businesses and increased participation in the mining value chain were essential for job creation and lasting economic benefits.

The two-day conference, held from October 28 to 29, 2026, at the Akoon Clubhouse, Tarkwa Mine, brought together more than 300 local and international suppliers under the theme, “Partnership for Enduring Value: Building Resilient Supply Chains Beyond Mining.”

Ghana’s local content policy in the mining sector seeks to increase the participation of Ghanaian-owned businesses in the supply of goods and services to mining companies, create employment opportunities and retain more economic value within the country. The Minerals Commission plays a key role in implementing and monitoring local content requirements in the industry.

Gold Fields Ghana disclosed that it had invested US$4.26 billion in local procurement over the past five years, representing 93 per cent of its total procurement spend in Ghana. Of this amount, US$2.59 billion went to businesses in its host communities, with nearly 100 community vendors supported.

The company also noted that its commitment to local content predated Ghana’s current local content law, L.I. 2431 of 2020, citing early partnerships with wholly Ghanaian-owned firms such as Zen Petroleum, Genser Energy and Western Transport Services Limited (WTS).

Mr Anyimah said the Minerals Commission remained committed to strengthening Ghana’s local content framework to ensure that mining delivered lasting benefits to Ghanaians through responsible mining, local value addition and policies that promote industrial growth and sustainable development.

Discussions at the conference focused on supplier partnerships, procurement practices, opportunities for women-owned enterprises, environmental, social and governance (ESG) principles, safety and the development of supply chains that can remain viable beyond mining.

Story by Ama Frimpomaa

 

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