International Business Management
ISSN: OnlineISSN: Print 1993-5250
Abstract
Developing countries depend mainly on the economic contribution of mining industry. In Ghana, the industry in 2011 contributed 5.5% of gross domestic product and 14% of taxes revenue. Export receipt appreciated by 60% in that same year which was mostly driven by an increase in export gains from gold production and crude oil petroleum export. Environmental problems associated with mining are of great concern in the country. The aim of this study was to analyze the perception of socio-economic benefits and environmental implications using a field survey in mining and non-mining communities (Tarkwa, Prestea Bogoso and Accra, Cape Coast, Ho, respectively). A Chi-square Goodness-of-Fit test was employed to analyze data on demographic information of respondents. The analyzed data indicated that positive responses were expressed on significant contribution of mining to the economy and communities, respectively. Negative responses were shown on environmental issues and its management by regulatory institutions and other stakeholders.
How to cite this article:
W.E. Boatri, L. Kabat, V. Verner, A. Kabutey and D. Agbettoh-Mawuli. The Mining Sector in Ghana-Perspectives of Socio-Economic and Environmental Impacts.
DOI: https://doi.org/10.36478/ibm.2015.334.343
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2015.334.343