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Saturday, June 21, 2014

Can Ghana defeat the ‘Resource Curse’?

You see, Ghana is Africa’s second largest gold producer. But Ghana, which traders named the Gold Coast due to its mineral wealth, hasn’t seen its hopes for the gold trade realized. Mining hasn’t transformed the country’s economy or addressed poverty. In fact, most of the gold money leaves the country, and the industry has seen human rights violations, pollution, land grabs, and conflict between security forces working for the mining companies and the local communities. Ghana is struggling to properly regulate the industry, and many people turn to illegal mining to support themselves – often at a terrible health and safety risk as they use toxic mercury in the process. Despite their mineral wealth, a quarter of Ghanaian citizens live in poverty.
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=313699

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