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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Structural Adjustment in Ghana: Assessing the Impacts of Mining-Sector Reform
Author:Hilson, Gavin M.ISNI
Year:2004
Periodical:Africa Today
Volume:51
Issue:2
Period:Winter
Pages:53-77
Language:English
Geographic term:Ghana
Subjects:economic policy
mining policy
Development and Technology
Economics and Trade
Agriculture, Natural Resources and the Environment
Politics and Government
Link:http://muse.jhu.edu/journals/africa_today/v051/51.2hilson.pdf
Abstract:This paper examines the impacts of mining-sector reforms in Ghana at both the macroeconomic and microeconomic levels. Since the inception of the national Economic Recovery Programme (ERP) in 1983, the Ghanaian government, under the guidance of the IMF and World Bank, has amended numerous policies to establish a more attractive investment climate for foreign mineral exploration and extraction companies. The country's mining industry has since expanded rapidly, experiencing by 2004 a fivefold increase in annual gold output and big rises in bauxite, diamond, and manganese production. However, at the same time, the perpetual expansion of mining and allied activities has strained indigenous communities; some subsistence groups have been displaced outright, and/or have been victimized by excessive mine pollution. To minimize the adverse impacts of mining sector reform, the Ghanaian government must focus on implementing new mineral policies, and begin pressuring companies to assume greater environmental and social responsibility. Bibliogr., notes, sum. [Journal abstract]
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