{"id":450896,"date":"2026-02-05T17:33:08","date_gmt":"2026-02-05T17:33:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/450896\/"},"modified":"2026-02-05T17:33:08","modified_gmt":"2026-02-05T17:33:08","slug":"heres-how-much-of-ghanas-gold-is-owned-locally-dr-ken-ashigbey","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/450896\/","title":{"rendered":"Here’s how much of Ghana’s gold is owned locally \u2013 Dr Ken Ashigbey"},"content":{"rendered":"

\"Dr <\/a>Dr Ken Ashigbey is the CEO of the Chamber of Mines<\/p>\n

The Chief Executive Officer of the Ghana Chamber of Mines, Dr Ken Ashigbey, has raised concerns about the limited fiscal returns from the small-scale mining sector.<\/p>\n

According to him, while large-scale mining companies generated about GH\u00a217.7 billion in government revenue in 2024, players in the small-scale sector, despite producing an estimated 34% of the country\u2019s gold that year, contributed far less in fiscal terms.<\/p>\n

In 2025, Dr Ashigbey said, small-scale miners contributed less than 2% to government revenues, even though they produced over half of national output.<\/p>\n

Chamber of Mines reiterates call for policy consistency in mining sector<\/a><\/p>\n

Speaking to GhanaWeb<\/a> Business, he explained that the growing dominance of the small-scale mining sector has significantly altered the ownership structure of Ghana\u2019s gold industry. Bank of Ghana<\/a> data indicate that small-scale miners produced about 51% of total gold output in 2025.<\/p>\n

His remarks come amid ongoing debates about foreigners exporting Ghana\u2019s gold, with some insisting that much of the country\u2019s gold remains under foreign control.<\/p>\n

\u201cWhen you add the 50% from small-scale mining and the additional 20% that comes through other domestic channels, about 70% of our gold is in our hands. So the conversation that foreigners are coming to take our gold is really not factual,\u201d he stated.<\/p>\n

Dr Ashigbey also expressed concerns over the proposed amendments to the royalty regime, which include a sliding scale of 5% to 12%. He argued that applying the same rates uniformly could disproportionately burden small-scale miners.<\/p>\n

\u201cIf a small-scale miner is required to pay royalties of up to 12% at today\u2019s prices, it could hurt the system. We must ensure fairness and non-discrimination in the application of mining laws,\u201d he said.<\/p>\n

SP\/MA<\/p>\n

Understanding Ghana’s stock market and how to invest | BizTech<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Dr Ken Ashigbey is the CEO of the Chamber of Mines The Chief Executive Officer of the Ghana…\n","protected":false},"author":2,"featured_media":450897,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-450896","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/450896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=450896"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/450896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/450897"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=450896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=450896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=450896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}