Text

The Glittering Façade: Effects of Mining Activities on Obuasi and Its Surrounding Communities

---

Under the guidance of the World Bank and the International Monetary Fund
(IMF), Ghana has carried out profound structural adjustment of its economy
to attract Foreign Direct Investment (FDI) over the last two decades. As part
of this adjustment exercise, the country introduced radical changes in the minerals
sector including the progressive revision of investment codes. A major
aspect of this revision was a significant increase in investment incentives to
foreign investors in the mining sector
These incentives have resulted in increased investment in the sector. From
1983 to 2002, foreign direct investment inflow to the sector amounted to over
US$6 billion. The huge investment manifested in a flurry of mineral exploration
activities, the development of new mines and increased minerals output,
particularly in the gold sub sector. These developments have reflected
positively on the gross value of minerals won, with gold output increasing
more than four times between 1990 and 2002.

---

Availability

AWDF.0310.C1

AWDF.0310

Available

Detail Information

Series Title

-

Call Number

AWDF.0310

Publisher

Accra-North : Third World Network- Africa (TWN – Africa)., 2007

Collation

-

Language

English

ISBN/ISSN

9988-602-25-1

Classification

-

Content Type

-

Media Type

-

Carrier Type

-

Edition

-

Subject(s)

-

Specific Detail Info

-

Statement of Responsibility

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment