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Modes of Governance and Revenue Flows in African MiningConstraints to Maximization of Net National Retained Earnings from the Mining Sector: Challenges for National Economic Development and Poverty Reduction in Sub Saharan Africa as Illustrated by Ghana

Modes of Governance and Revenue Flows in African Mining: Constraints to Maximization of Net... [Ghana’s main extractive resources sectors include minerals, forestry and wildlife, fisheries and large scale water resources abstraction as a result of the construction of hydroelectric dams.1 Minerals, forestry, and wildlife and fisheries account for 15 per cent of Ghana’s gross domestic product (GDP), 25 per cent of government revenues, and represent a substantial source of livelihood of citizens through artisanal activities. Among the three, the minerals sector is considered the most dominant economic enclave with respect to its perceived contribution to the national economy in terms of tax revenues, gross foreign exchange earnings and contribution to the nation’s GDP. The mining sector has therefore received significant and continued external financial assistance for policy prescriptions and institutional reforms over the last twenty-five years.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Modes of Governance and Revenue Flows in African MiningConstraints to Maximization of Net National Retained Earnings from the Mining Sector: Challenges for National Economic Development and Poverty Reduction in Sub Saharan Africa as Illustrated by Ghana

Part of the International Political Economy Series Book Series
Editors: Campbell, Bonnie K.
Akabzaa, Thomas M.
Modes of Governance and Revenue Flows in African Mining — Nov 23, 2015
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36 pages

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-46675-7
Pages
101 –137
DOI
10.1057/9781137332318_4
Publisher site
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Abstract

[Ghana’s main extractive resources sectors include minerals, forestry and wildlife, fisheries and large scale water resources abstraction as a result of the construction of hydroelectric dams.1 Minerals, forestry, and wildlife and fisheries account for 15 per cent of Ghana’s gross domestic product (GDP), 25 per cent of government revenues, and represent a substantial source of livelihood of citizens through artisanal activities. Among the three, the minerals sector is considered the most dominant economic enclave with respect to its perceived contribution to the national economy in terms of tax revenues, gross foreign exchange earnings and contribution to the nation’s GDP. The mining sector has therefore received significant and continued external financial assistance for policy prescriptions and institutional reforms over the last twenty-five years.]

Published: Nov 23, 2015

Keywords: Corporate Social Responsibility; Mining Company; Extractive Resource; Mining Sector; Fiscal Decentralization

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