A strong consensus is emerging across Ghana’s mining sector on the need to shift from reliance on royalties to local procurement and industrial development, as key industry leaders back new standards aimed at boosting domestic manufacturing. At the launch of the Ghana Standards for Grinding Media in Accra, the Chief Executive Officer of the Ghana Chamber of Mines, Dr. Kenneth Ashigbey, said the country’s greatest opportunity to maximise value from its mineral resources lies in strengthening local supply chains rather than focusing primarily on fiscal revenues. Local procurement represents the most significant pathway for Ghana to benefit from its mineral resources,” he said, noting that nearly half of mining companies’ revenue—about 46.4%—is spent on goods and services, compared to just 18.71% from taxes and royalties. “This clearly demonstrates that the real engine for development is not royalties, but how much of the mining value chain we can localise,” he added. From extractio...