New mining law to come into force by end of year

MINININGThe country’s new mining law, expected to better regulate the industry and ensure that Ghana benefits more from the sector should come into force by end of year.

This was revealed by Deputy Minister for Lands and Natural Resources, Barbara Asamoah, who is taking part in the on-going ‘Growth Week’ conference in London.

The Minister is confident the law would also tighten regulations in areas of revenue, licensing and protecting the environment. The law is currently before cabinet for the necessary scrutiny.

Barbara Asamoah told Joy Business the law has delayed because the Ministry was consulting with key stakeholders in the industry before it was introduced.

“It is very important that we bring on board the major stakeholders in the mining sector. For our part we have put everything together. But what we are doing now is allowing inputs from the public”, she said.

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