Mining Industry CVs in Ghana

ISSN 1609-9192 (print) ISSN 2587-9138 (online) founded in 1994 Home / Articles / Original articles / The role of the mining industry in the economies of individual countries in the period from 1996 to 2016 Abstract: The mining industry makes a significant contribution to the development of the economies of some low- and middle-income countries rich in non-fuel minerals, as evidenced by the modified Mining Contribution Index (MECI-BP). 10 of the 20 countries where mining contributes the most (highest GPI-Bp) climbed one to two places higher, according to the World Bank classification, between 1996 and 2016. In particular, the positive impact of the mining industry on the economy is noted in African countries. This document contains revised and amended data from research carried out under the Extractive Industries Development Initiative of the United Nations University (UNU) and the World Institute for Economic Development Research (WIED). Based on the details of the mining sector, such as mining, exports, prices, mineral rents, exploration expen Mining Industry CVs in Ghana ditures and government revenues, an analysis of the current situation for 2016 is carried out, as well as trends in the contribution of the mining industry to economic development for 1996–2016 The contribution of the mining industry to GDP and exports peaked at the peak of growth in mining in 2011. Accordingly, by 2016, the indicators of the contribution of the mining industry in most countries have decreased, but they are still significantly higher than those of 1996. Results This study refutes the widespread belief that mineral resources create dependencies that can impede economic and social development. Key words: mining industry, economy, mining, export, rent for mineral resources, mineral prospecting costs For citation: Ericsson M., Lef O. The role of the mining industry in the economies of individual countries from 1996 to 2016. Mining. 2019; (6): 84–93. DOI: 10.30686 / 1609-9192-2019-6-84-93. Received: 25.10.2019 Received after review: 22.11.2019 Accepted for publication: 05.12. This document is a revised version of the presentation presented at the 15th Mining Seminar in Dundee, April 5-6, 2017.1 UNU-WIIER, the results of which were subsequently reflected in the chapter of the book "Extractive industry: Resource management as an incentive for sustainable development" [1]. The UNU-WIER report aims to explain and document the “mineral dependencies” by country. In this document, the time series has been updated to 2016. This document covers all countries, with additional focus on low- and middle-income developing countries in connection with our previous study [2]. This study is based on the Mining Contribution Index (Mining Contribution Index) developed by ICGM2. The latest version of the Index of the Mining Industry Contribution VIIER [2] (abbreviated IVGP-V) was presented. This study uses the following four economic indicators: https://jiji.com.gh/mining-industry-cvs

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