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
    Criminalising paternity fraud is “bad for our democracy” – Lawyer warns A-Plus
    February 14, 2026
    Ghana to stop foreign funding of cocoa sector, raise over $400m domestic bonds – Mahama
    February 14, 2026
    Gender Ministry responds to viral video of alleged digital sexual exploitation by foreign national
    February 14, 2026
    No raw mineral export by 2030 – Mahama declares
    February 14, 2026
    Two die, six injured in crash on Accra–Kumasi Highway
    February 14, 2026
  • Business
    BusinessShow More
    Gov’t orders COCOBOD to pay cocoa farmers all outstanding debts with immediate effect
    February 12, 2026
    Gov’t reduces Cocoa producer price to GH¢41,392 per tonne following global market drop
    February 12, 2026
    Gov’t to lay new COCOBOD Bill for automatic pricing system; guarantee 70% FOB – Finance Minister
    February 12, 2026
    GoldBod Jewellery dissociates itself from ‘gold investment opportunity’, warns against fake platforms
    February 12, 2026
    British International Investment deepens commitment to Ghana with High‑Level visit
    February 12, 2026
  • Politics
    PoliticsShow More
    Criminalising paternity fraud is “bad for our democracy” – Lawyer warns A-Plus
    February 14, 2026
    No raw mineral export by 2030 – Mahama declares
    February 14, 2026
    Ken Ofori-Atta permanently removed from INTERPOL Red Notice list
    February 13, 2026
    Mahama meets UN Chief, discusses African security and democracy
    February 13, 2026
    Ofosu Nkansah’s lawyer cautions politicians to be mindful of public statement following arrest of client
    February 13, 2026
  • Entertainment
    EntertainmentShow More
    Kojo Antwi: “I’m lucky to be born in Kwame Nkrumah’s Ghana”
    February 14, 2026
    I write my music with women in mind – Kojo Antwi
    February 14, 2026
    Kojo Antwi advises musicians to stay humble as they rise
    February 13, 2026
    I’m a ‘conscious African’; my career is built on cultural identity, pan-Africanism – Kojo Antwi
    February 13, 2026
    Kojo Antwi reflects on creative freedom, independent career on Starr Chat with Bola Ray
    February 13, 2026
  • Sports
    SportsShow More
    Black Princesses set for Uganda showdown in final qualifying round
    February 14, 2026
    Black Princesses edge South Africa 1-0 on home soil to reach final qualifying round
    February 14, 2026
    Thomas Partey’s legal team responds to two new rape charges
    February 13, 2026
    Antoine Semenyo shines as Machesta City crush Fulham 3-0 to close gap on Arsenal
    February 12, 2026
    Black Princesses arrive in Johannesburg ahead of decisive U-20 World Cup Qualifier
    February 12, 2026
  • Technology
    TechnologyShow More
    Yamoransa Model Labs Program Africa announces 5th Annual Impact Roundtable and Robotics Competition
    February 11, 2026
    Ghana, Zambia to partner on fintech and cybersecurity as AI fake news rises
    February 7, 2026
    GSTS and STEMQUEST: How an Alumni-Led Extracurricular Initiative is Redefining Technical Education in Ghana
    February 4, 2026
    IShowSpeed’s energy is on another level; he has to entertain followers nonstop – Wode Maya
    January 30, 2026
    A new layer of privacy five years in the making
    January 29, 2026
  • International
    InternationalShow More
    Ghana to stop foreign funding of cocoa sector, raise over $400m domestic bonds – Mahama
    February 14, 2026
    Gender Ministry responds to viral video of alleged digital sexual exploitation by foreign national
    February 14, 2026
    No raw mineral export by 2030 – Mahama declares
    February 14, 2026
    Ken Ofori-Atta permanently removed from INTERPOL Red Notice list
    February 13, 2026
    Mahama meets UN Chief, discusses African security and democracy
    February 13, 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

You Might Also Like

Gov’t orders COCOBOD to pay cocoa farmers all outstanding debts with immediate effect

Gov’t reduces Cocoa producer price to GH¢41,392 per tonne following global market drop

Gov’t to lay new COCOBOD Bill for automatic pricing system; guarantee 70% FOB – Finance Minister

GoldBod Jewellery dissociates itself from ‘gold investment opportunity’, warns against fake platforms

British International Investment deepens commitment to Ghana with High‑Level visit

TAGGED:Small scale mining
Share This Article
Facebook Twitter 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..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?