Ghana’s artisanal and small-scale mining (ASM) sector is emerging as a major contributor to the country’s economic growth, according to industry experts. The sector, which encompasses numerous small mining operations across the country, has been recognized for its role in creating jobs, generating export revenues, and supporting local communities.
Speaking on the sector’s growth, Sammy Gyamfi highlighted that ASM activities are vital in supplementing large-scale mining operations, particularly in gold production. The sector provides employment opportunities for thousands of Ghanaians, especially in rural areas where mining forms a key part of livelihoods.
Beyond employment, ASM has become an important source of foreign exchange for Ghana. With increasing international demand for minerals like gold and other precious metals, artisanal mining is playing a significant role in boosting the country’s export earnings. Analysts note that the sector’s contributions are likely to expand as more support, regulation, and formalization initiatives are implemented.
Government efforts to regulate and support ASM operators are also paying off. Initiatives aimed at formalizing the sector, improving safety standards, and promoting sustainable mining practices are helping miners operate more efficiently while protecting the environment. These measures are designed to maximize the economic benefits of ASM while minimizing social and ecological challenges associated with unregulated mining.
Experts believe that with the right policies and investments, the ASM sector can continue to grow and become a cornerstone of Ghana’s economy. By integrating modern techniques, improving access to finance, and strengthening community engagement, artisanal miners can contribute even more to national development.
As Ghana continues to diversify its economy, the ASM sector is proving to be not only a source of employment and income but also a critical driver of broader economic growth. Its continued development could enhance the country’s resilience against global market fluctuations and further solidify Ghana’s position as a leading mineral producer in Africa.
Source: Thepressradio.com
