Thursday, 26th July 2007 (1071 views)

Gold mining is a fundamental part of economic development in Ghana, a sector executive has said.

Chief executive officer (CEO) of the Ghana Chamber of Mines, Joyce R Aryee, said that the social responsibility initiatives of companies operating in the country have performed a valuable function, reports Modernghana.com.

Financial support schemes cited by the CEO included a social development fund set up by Gold Fields Ghana, into which the company reportedly puts a dollar per ounce of gold and 0.5 per cent of pre tax profit.

A trust fund from Chirano Gold Mines also receives a dollar for each ounce of gold produced, the sector expert added.

Ms Aryee said at a conference: "All these are corporate social responsibility schemes that stock to contribute to an improvement in the socio-economic conditions in mining communities," according to the news provider.

In related news, a recent report in Reuters claimed that female involvement in Ghanaian mining is growing.

 

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