By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FMStarr FMStarr FM
  • Home
  • Election Hub
  • General
    GeneralShow More
    Ghana must develop local capacity to produce polymer-grade bitumen – Agbodza
    November 12, 2026
    Big Push: Agbodza directs GOIL to engage local suppliers to prevent bitumen shortages
    November 12, 2026
    Aduman SHS: Two teachers interdicted over alleged sexual misconduct involving male student
    November 12, 2026
    ‘Let us carry the new Cedi with pride’ – Mahama urges Ghanaians to protect confidence in currency
    November 12, 2026
    24-hour economy on course to create more jobs – Austin Gamey
    November 12, 2026
  • Business
    BusinessShow More
    Ghana must develop local capacity to produce polymer-grade bitumen – Agbodza
    November 12, 2026
    ‘Let us carry the new Cedi with pride’ – Mahama urges Ghanaians to protect confidence in currency
    November 12, 2026
    2027 Budget must focus on job creation and reducing cost of living – Economist
    November 12, 2026
    President John Mahama speaks on PTA involvement in Ghanaian education
    New Cedi notes reflect Ghana’s ambition for economic transformation under US$10bn plan – Mahama
    November 12, 2026
    New Ghana Heritage Series banknotes to enter circulation from December 1 – Bank of Ghana
    November 12, 2026
  • Politics
    PoliticsShow More
    Akufo-Addo appointed to lead ECOWAS election observers for Nigeria’s 2027 polls
    November 12, 2026
    ‘Boost incomes, not just inflation, because that alone won’t ease living costs’ – Economist to Gov’t
    November 12, 2026
    Be specific on 24-hour economy concerns – Economist tells NPP
    November 12, 2026
    Court varies bail for Manhyia South MP, orders release of his passport after Deputy AG waives opposition
    November 12, 2026
    NDC Ashanti condemns fatal shootings of civilians in the Anti-Galamsey operation at Manso Kaniago
    November 12, 2026
  • Entertainment
    EntertainmentShow More
    Chef Abbys arrives in US ahead of Social Fest Texas
    November 12, 2026
    Africa World Airlines partners Revealed: The New Era 2.0 to promote Ghana, Africa tourism
    November 11, 2026
    Ghareeb Kaawar: Over a decade of music, festivals and cultural connection in Ghana
    November 10, 2026
    Ghana’s languages are a vital cultural asset, let’s promote it – Dzifa Gomashie
    November 5, 2026
    Akwaaba UK unveils December in Ghana 2026 events lineup
    October 19, 2026
  • Sports
    SportsShow More
    Kudus and Ayew return as Björkegren names Black Stars squad for Somalia double-header
    November 9, 2026
    Stanbic-Asantehene Invitational Golf Tournament strengthens relationships and excellence through sport
    November 9, 2026
    Only five of 31 second-raffle winners secured U.S. visas
    November 6, 2026
    “Ghana can be proud”: French Ambassador backs Black Challenge’s World Cup dream
    November 4, 2026
    Samson Deen calls for wider sports support after Gold Fields backs Black Challenge
    November 4, 2026
  • Technology
    TechnologyShow More
    Samuel Nartey George elected Chair of AU Communications and ICT Committee
    October 29, 2026
    AVAS 2026: Accra to Drive Africa’s Tokenisation Agenda
    October 28, 2026
    Yellow Card wins Gold in Diamond category at 2026 Money Awards
    October 27, 2026
    Dorcas Affo-Toffey engages Ceris Technologies on port digitalisation, cybersecurity
    October 22, 2026
    BoG Governor urges IMF to boost Africa’s AI and digital capabilities
    October 14, 2026
  • International
    InternationalShow More
    Chef Abbys arrives in US ahead of Social Fest Texas
    November 12, 2026
    Ghana turns to Ben Crump to seek justice for citizens killed in US at no cost
    November 11, 2026
    Jospong champions African-led climate solutions at COP31
    November 10, 2026
    NPP UK inaugurates 11-member reforms committee
    November 10, 2026
    18-year-old Ghanaian Prince Abdul Malik shot dead in Toronto
    November 9, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Compensate Legal Small Scale Miners for losing $551m – Yao Graham
Share
Notification Show More
Font ResizerAa
Starr FMStarr FM
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Business

Compensate Legal Small Scale Miners for losing $551m – Yao Graham

Starrfm.com.gh
By
Starrfm.com.gh
Published: January 24, 2018
Share
The General Secretary of GNASSM, Mr Godwin Armah (right), explaining a point
SHARE

Registered small scale miners in the country collectively lost some $551 million as a result of the ban on mining activities.The Ghana National Association of Small-Scale Miners (GNASSM) says the figure is bound to go up if measures are not taken to lift the ban.

The General Secretary of the Association, Godwin Armah explained that, “this includes steel maintenance, underground de-watering, equipment ideal time and man hours.”

He added that, about four million people are being affected by the continuous ban on small scale mining.

The ban which was imposed early last year as part of the fight against galamsey, is yet to be lifted. The October 2017 timeline given by government was extended by three months, prompting protest by the GNASSM.The GNASSM says legal small scale mining firms are being unduly punished.

Speaking to Starr Business’ Osei Owusu Amankwaah, the Coordinator at the Third World Network, Dr, Yao Graham said government must compensate legally registered Small scale miners for the losses they have incurred during the period of the ban.

“I think that government should pay the legal miners whose business have been damaged compensation. They should be compensated by being treated through political fiat; nobody investigated if they have done anything wrong and their businesses have been damaged.”

He also wants government to show more concern about protecting local business. He noted that since the ban, only expatriate mining firms have the right to trade in Gold business.

“So you see our politicians on the front pages everyday shaking hands with foreign investors; they are destroying the business of locals. That is not good. Nobody has found anything against them; it is a blanket political ban which is destroying their business because of what illegal miners are doing.”
He noted that many legal small scale miners are afraid to speak on the matter due to the negative image of the sector.

 

Source: Ghana/Starrfmonline.com/103.5FM/Osei Owusu Amankwaah

Aker Energy appoints new board vice chairman
SG completes rights issue; increases stated capital
Planting For Food And Jobs effective In battling food inflation – Abena Osei Asare
Prof. Douglas Boateng-chaired institutions shine at CEO Awards and CIMG Awards
Mahama vows to complete stalled Takoradi Market Circle project
TAGGED:Small scale mining
Share This Article
Facebook Email Print
Share
Previous Article Akropong Palace: Highlife Legend George Darko picked up
Next Article Aubameyang to wear No.14 at Arsenal

Starr 103.5FM

Starr FMStarr FM
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!
Subscribe to our newsletter and never miss our latest in news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?