IFS criticizes gov’t for not increasing revenue from small scale mining sector

"It is appalling to note that the Mid-Year budget review fails to articulate government strategy on how to increase revenue from the small scale mining sector looking at how critical the sector is, and the potential it holds for our economy”, he said.“We were told by reports from the Bank of Ghana that even the small scale mining sector generates more than the large scale and so it is very disappointing for the Finance Minister to miss the opportunity at this critical time".

Said Boakye said available data and publications from the Bank of Ghana confirm that even though gold exports from small scale mining increased, revenue from the sector was low.