The mining sector of resource-dependent countries plays a critical role in the socio-economic development of the citizenry. It serves as a source of revenue generation, job creation and foreign exchange earnings for resource-dependent countries. In Ghana, the sector has supported the economy of the country for several decades.
In sustaining the sector’s contribution, the Government of Ghana through the Ministry of Lands and Natural Resources (MLNR) and its agencies implements policies and programmes towards the sustainable exploitation of mineral resources.
The implementation of the sector programmes are funded by passing an Appropriation Act by Parliament annually. In this brief, the contributions of the Mining sector to the economy is discussed.
This is then followed by discussion on the performances of budgetary allocations approved by Parliament to fund the sector programmes for 2017 and 2018. In doing so, key observations are made to inform policies for the sector to ensure the country derive optimum benefits from the resources.
Read more on the analysis of allocations and performances in 2017 and 2018, under the Mining Sector Budget of Ghana, below: