Owing to its political stability, Ghana is considered an attractive African mining destination, Bauma Conexpo Africa CEO Elaine Crewe tells Mining Weekly.
She adds that most of Ghana’s gold reserves remain untapped, which makes the country one of Africa’s proverbial gold mines for investors.
Crewe notes that the gold sector accounts for more than 90% of Ghana’s total mineral output, adding that the profitability of gold mining is closely linked to commodity prices. Therefore, with the international market performance currently under pressure, mining companies, including those operating in Ghana, are forced to streamline operations.
However, Ghana is hoping for a better performance this year, despite the current energy challenges that the country has to deal with, she says.
She states that government’s plans, announced in January, to establish a major gold refinery plant in Ghana by the end of 2015 is a step in the right direction.
After this year, Bauma Conexpo Africa will move into a three-year cycle, with the next event scheduled for 2018. Organisers say the event provides a good platform for Ghana to showcase its business opportunities and attract investment.
“Exposing audiences that attend the Bauma Conexpo Africa event to the country’s opportunities can be highly beneficial to Ghana,” Crewe says.
The 2015 Bauma Conexpo Africa expo will run from September 15 to 18 at the Johannesburg Expo Centre. The previous trade fair took place in September 2013 and attracted 754 exhibitors from 38 countries and 14 700 visitors from more than 100 countries.