Business News of Sunday, 9 July 2017Source: citifmonline.comGhana must intensify laws governing mineral resources - ReportAnalysts call on government to intensify laws governing mineral resourcesSome analysts in the mining industry want government to intensify laws governing the management of mineral resources to give value to citizens. These are the outcomes of the 2017 Resource Governance Index report which ranked Ghana 13th in resource governance, out of 81 countries globally under 89 categories. Even though Ghana ranked 13th at the global level in the Oil and Gas Resource Governance category, it placed 1st out of 19 countries in Africa. According to them, even though Ghana has clear rules for sharing mineral revenues via the Mineral Development Fund, disclosures of revenue are not timely or audited. He was however optimistic of a turnaround in the mining sector, if parliamentarians hold the various managers accountable for the effective execution of their mandate.

Source: GhanaWeb July 09, 2017 18:56 UTC