Boston, MA -- (SBWIRE) -- 01/23/2015 -- Ghana is rich in natural resources such as gold, industrial diamonds, bauxite and manganese. The country's economic stability is highly dependent on mineral resources. The mining industry is regulated by Minerals and Mining Act 2006, and is under the management of the Ministry of Land and Resources and Environment Protection Agency. The Minerals Commission is equally involved in the coordination and implementation of mining policy.

Report Highlights

- The Ministry of Land and Natural Resources has the responsibility of managing the country's land, forest, wildlife and mineral resources.

- The Environment Protection Agency is the agency responsible for the protection and improvement of the country's environment.

- The Minerals Commission is a government agency responsible for the regulation and management of Ghana's mineral resources, while coordinating and implementing mining policies

- The Minerals and Mining Act, 2006 act details the process of obtaining mineral rights, and licenses are required to conduct mining activities..

- The Small Scale Mining Act 1989 provides for the licensing of small scale mining operations and related matters.

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Report Scope

The report outlines Ghana's governing bodies, laws, licenses, mining rights and key fiscal terms which includes royalty, corporate income tax, depreciation, gift tax, rent tax, capital gains tax, loss carry forward, withholding tax and VAT.

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