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Ghanas tradition of artisanal gold mining and the gold price boom which began in 2007 led tens of thousands of chinese migrants to seek their fortunes in ghana bringing heavy machinery, illegal chinese gold miners precipitated economic and social instability as well as increases in gun violence, drug trafficking and corruption.
Minerals mining policy of ghana ensuring mining contributes to sustainable development.7 strategic business enterprises including mines.Thus, by the mining operations government participation decree, 1972 nrcd 132, the government acquired majority shares 55 in all the foreign mining.
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Ghanas minerals and mining act came into effect in 2006, and underwent improvements in 2014 to address an ongoing problem in the countrys mining industry illegal gold mining.
Ghana is the second largest gold producer in africa with eight mines in production.The favourable gold price environment has re-invigorated the gold mining sector in ghana with multiple new projects under construction.The major gold producers are gold fields ghana ltd., anglogold ashanti, golden star resources, kinross gold corporation and.