The Ghana Chamber of Mines has been studying a report which proffers solutions to bridging the gap between indigenous enterprises and the country’s mining industry.
The Chamber in 2010 worked with the Minerals Commission and the International Finance Corporation (IFC) to identify 29 product categories which are either already being manufactured in Ghana, or should be assessed for import substitution potential.
The items include steel products, bullion boxes, cement and cement products, lubricants, heave duty electric cables, wood products, HDPE & PVC pipes, caustic soda and ammonium sulphate.
Chief Executive Officer of the Chamber of Mines, Dr. Toni Aubynn, said a gap-analysis commissioned by the industry is nearing completion to better appreciate challenges militating against the local production of identified commodities.
Mining firms in the country are currently mandated by the local content law to procure all their inputs that could be sourced locally.
But local artisans are worried the law will not achieve the intended impact on indigenous businesses until capacities are built to meet contract requirements.
According to George Amakwaah, President of the Suame Magazine Industrial Development Organization (SMIDO), Ghanaian businesses are challenged in meeting demands of the mining firms due to lack of machinery and low capacities.
“If you don’t have such machines and capacity, how can you supply 100% local content?” he queried. “These mining firms deal with specification, so when they need something from your end and you cannot meet their specification, how can you supply because if you go they’ll reject them”.
Dr. Toni Aubynn shared the concerns and expected mining to be fully integrated into the local economy.
According to him, the Chamber was studying the report from the gap-analysis to see how the mining sector could take advantage of locally produced inputs. He added that local capacity building should be the responsibility of industry and government.
“We would want to contribute to building capacities to close the gap and we think that industry and government could work together to achieve it and I’m happy we’re doing that now”, stated Dr. Aubynn.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Nana Kwame Bediako; The beacon of unity
2 mins -
Western Region: NDC youth wing embarks on phase 2 of ‘retail campaign’
28 mins -
Action Chapel International holds annual Impact Convention in November
29 mins -
Jana Foundation urges young women to take up leadership roles
34 mins -
All set for Joy FM Prayer Summit for Peace 2024
45 mins -
Managing Prediabetes with the Help of a Dietitian
1 hour -
Joy FM listeners criticise Achiase Commanding Officer’s election comment
1 hour -
Legal Aid Commission employees threaten strike over poor working conditions
1 hour -
Ghana ranked 7th globally as biggest beneficiary of World Bank funding
2 hours -
IMF board to disburse $360m to Ghana in December after third review
2 hours -
Former Bono Regional NPP organiser donates 13 motorbikes to 12 constituencies
2 hours -
Securities industry: Assets under management estimated at GH¢81.7bn in quarter 3, 2024
2 hours -
Gold Fields Ghana Foundation challenges graduates to maximise benefits of community apprenticeship programme
3 hours -
GBC accuses Deputy Information Minister Sylvester Tetteh of demolishing its bungalow illegally
4 hours -
Boost for education as government commissions 80 projects
4 hours