06 JUNE 2016www.ghanaweb.com
Unreliable power supply a challenge to Ghana mines
Edited by : AL CIRCLE
2 min read
Unreliable power supply remains a key challenge to the sustainability of the mining industry in Ghana, Mr Kwame Addo Kufuor, the President of the Ghana Chamber of Mines, has said.
Speaking at the opening session of the three-day 11th West African Mining and Power Conference in Accra, Mr Kufuor said the unstable power supply had led to the spending of about 20 per cent of mineral revenues on power alone.
The major minerals currently being mined in commercial quantities including gold, diamond, bauxite and manganese have positioned the country as a conducive investment environment created by successive governments since 1980 and this had led to a significant inflow of the mining sector investment.
“Government will continue to work at improving its facilitation role while working with all other stakeholders towards achieving sustainable investments in the sector. I challenge all other stakeholders to play their part so that we can foster sustainable development through mining,” he said.
Mr Kweku A. Awotwi, an energy and power expert, said the energy crisis had left the mining industry uncertain of the future.
He said for a capital intensive business such as mining, the uncertainty about the security and stability of power supply impacted significantly on investment.
Speaking at the opening session of the three-day 11th West African Mining and Power Conference in Accra, Mr Kufuor said the unstable power supply had led to the spending of about 20 per cent of mineral revenues on power alone.
The major minerals currently being mined in commercial quantities including gold, diamond, bauxite and manganese have positioned the country as a conducive investment environment created by successive governments since 1980 and this had led to a significant inflow of the mining sector investment.
“Government will continue to work at improving its facilitation role while working with all other stakeholders towards achieving sustainable investments in the sector. I challenge all other stakeholders to play their part so that we can foster sustainable development through mining,” he said.
Mr Kweku A. Awotwi, an energy and power expert, said the energy crisis had left the mining industry uncertain of the future.
He said for a capital intensive business such as mining, the uncertainty about the security and stability of power supply impacted significantly on investment.
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