PROGRAMME TO HELP GHANAIAN SUPPLIERS WIN SHARE OF BILLION-USD MINING PROCUREMENT MARKET

ACCRA, Ghana will launch of an innovative National Suppliers’ Development Programme (NSPD) to help local suppliers and contractors win a bigger share the mining sector’s procurement market, estimated to be worth more than one billion US dollars annually.

The launch of the programme will take place during a two-day meeting being held here on Wednesday and Thursday on the theme, Strengthening the mining sector’s contribution to local and national development”, according to a joint statement issued by the African Minerals Development Centre (AMDC) based in Addis Ababa, the African Centre for Economic Transformation (ACET) here and the German Federal Institute for Geosciences and Natural Resources (BGR) in Hannover.

The government of Ghana had endorsed the NSPD because of its alignment with its own priorities of private sector-led industrialization and economic transformation.

The meeting will bring together Cabinet Ministers and senior public and private sector representatives to discuss how domestic manufacturers and suppliers of goods and services can take advantage of the great opportunities along the mining value chain to generate growth and create jobs.

The programme will be launched by John Peter Amewu, the Minister of Lands and Natural Resources.

Ghana is the second largest gold producer in Africa after South Africa and the 11th biggest producer in the world.

AMDC co-ordinator Kojo Busia, noted that we see a lack of transformation very acutely in Ghana”.

“While world-class mining supply and processing firms have emerged in South Africa, Chile and other mineral-producing countries, Ghana’s mining sector’s inputs are mostly procured abroad, and its minerals are processed abroad, he said.

Source: NAM NEWS NETWORK