4 types of natural resources in ghana

 

woodland resource have been very limited. This was excluding the oil destined for the Takoradi thermal power-plant. However, the exploitation of these resources, coupled with the overall lack of environmental awareness, has devastated the country's forests. In Nigeria for example, the search for crude oil can be traced back to the 1903s where exploration for oil, coal and bitumen were intensely undertaken. Internal revenue Mining of natural resources such as gold, diamond, salt etc., bring money when they are exported or processed into finished products and are sold. 4 PREFACE i. Companies must categorize payments into one of seven payment types, such as taxes and royalties. The four natural resources are renewable, living, non renewable, and fossil fuels. The official language of Ghana is English, and the currency is the Ghana cedi (GHS). Wild elephants in the african savannah. Natural resources refer to the things that exist freely in nature for human use and dont necessarily need the action of mankind for their generation or production. They are also the second producer of Cocoa in the world. Ghana is in West Africa Area: 238,540 sq. v. Training of human resources. The AngloGold Ashanti Ltd, one of the largest gold producers in the world, operates a number mines including the Iduapriem, the Bibiani, and the Obuasi gold mines. It is a computer-based Natural resources are Earth materials used to support life and meet the needs of people. It is one of those types of natural resources that are in high demand all around the world due to its many uses. Yet it is this resource which is of greatest concern to farmers and of greatest overall value to the national economy. Some of the positive effects of natural resources include; Creation of employment – the companies that seek to exploit natural resources need a workforce and for this reason, they seek to employ the local citizens. The deal would also include the improvement of bauxite mining, alumina refining and aluminium production. This now brings us to the next question, how have the natural resources impacted the Ghanaian economy? The oil deposits in Ghana are believed to be the 6th largest in Africa. After this discovery, companies would later come forward and explore different parts to see if they can find deposits of diamonds. The ounces of fine gold would improve to over 1 million fine ounces in the year 1992. Ghana was called the Gold Coast due to the large deposits of gold that are found in the country. Wind power is one form of natural energy. He is currently the Minister for Lands and Natural Resources and the Member of Parliament for the Damango Constituency of the Savannah Region in Ghana. I expect Loyalty, Transparency and Teamwork- Lands Minister . The next year, the oil production had reached a high of 1.9 million barrels. Ghana is divided into ten regions, and its capital is Accra. However, a diamond is as hard as it is pure, meaning the purer the diamond the harder it is. Economics and Land Use in Ghana . The government also wanted to have a stake in the mining of aluminium. However, if the practice is not closely monitored, there is bound to be a large number of negative effects that may arise. Examples of natural resources include water (seas, ocean, rivers, streams, and lakes), land, air, forests, sunlight, rocks, minerals, animals, fossil fuel among others. Well, it is because of all the natural resources in Ghana. The British colonists built railways and a complex transport infrastructure to support the shipment of such commodity goods. The country is endowed with rich natural resources. After the discovery, the government moved fast and established a diamond placer mine and operated the mine through the Ghana Consolidated Diamonds Ltd (GCD). However, the exploitation of these resources, coupled with the overall lack of environmental awareness, has devastated the country's forests. The kind of resources that help fuel the economy by creating employment and also bringing the country a lot of revenue. There are different mines across the region that are operated by different gold mining companies. You can see gold being traded in the stock exchange markets and some governments like the US use gold to hold all its monetary currency. Why so? Oil in Ghana. km (slightly smaller than Oregon) Capital: Accra Border countries: Burkina Faso to the north, Cote d'Ivoire to the west, and Togo to the east. Human resource must be trained in order to develop their skills to exploit our natural resource efficiently. Their share in the market would later be reduced by almost 30% as other players came into the market. Coast and the Togoland trust territory, Ghana, in 1957, became the first sub-Saharan country in colonial Africa to gain its independence. 5 pros and cons of being in small scale mining industry. Let us look at the Ghana natural resources that are the greatest contributors to it's economy. All the oil that was imported into the country was refined at the Tema Oil Refinery. The revenue collected from the mineral industry includes the tax charged on the employees working for the companies, corporate taxes from the companies and also through the payment of mineral royalties. Lv 6. For this reason, the Ghanaian government came up with the idea of forming a body to help deal with this situation. Any organic material used by humans can be considered as a natural resource. Some of the uses of gold are; Do you know that over 70% of the gold that is mined in the world is used to make jewellery? Switzerland, a country which has few mineral resources of its own, is a key importer of Ghana’s raw materials, such as gold and cocoa. While its economy is one of the most successful in the region, it remains heavily dependent on international finance. Forests . In the world, the oil in Ghana is believed to be at number 25 of the largest oil reserves. Ramdan 12 Natural Coffee, Stavia Sugar, Dr.’s Secret, Miss Queen Fruit, Soyayya Bio herb (men), Soyayya Lady’s Coffee, Ghana, Accra, Kumasi We deliver to you! Ghana is endowed with a lot of natural resources but we lack trained and skilled people to exploit these natural resources. supports national economic growth and development in Ghana: i. This is because Ghana is said to have 23 large scale and a little over three hundred small-scale mining companies that produce some of the major natural resources found in the country. Prepared by AgNRM Implementing Partner – CECOTAPS . Ghanaians have been drilling oil for quite some time; then, in 2008, Kosmos Energy LLC struck liquid gold. Gomoa West, Central, Ghana. Check your inbox to be the first to know the hottest news. It is one of a series of … Looking at the... 3. Learn more at www.resourcegovernance.org AFRICA IS A NATURAL RESOURCE-RICH CONTINENT, BUT ITS FULL … Gold Fields Ltd which is a South African company controls the Damang gold mine and the US-based Newmont Mining Corp mine in the Ahafo and the Akyem gold mines. Oil revenues were projected to surpass mining receipts in the future, but with the fall in the prices of oil, it becomes to early to access whether the oil industry will thrive as the agricultural industry. The key aspect of natural resources is that they dictate the survival of humans and other life forms on earth. Proper utilization of these resources is one of the primary reasons for Guyana’s economic growth. There are various natural resources in Ghana which have been and continue to be exploited. Diamond in Ghana. READ ALSO: Best Investment Companies in Ghana. Wildlife species - 222 Mammals, 128 reptiles, 38 amphibians, 721 bird species. The Chirano gold mine is operated by Chirano Gold Mines Ltd. Date Written: September 2007. Nature has not distributed her resources equally as some countries are naturally endowed with resources whereas others are not. Explain how four (4) of the following categories of natural resources. There is also the Bogoso gold mine and the Wassa gold mine that is operated by a Canadian company; Golden Star Resources. This can be derived from the fact that the government in 2005 looked to improve the exploits of the mineral by signing a memorandum of understanding to develop the industry including also putting in place infrastructure and improving the rail transport to help in the transportation of the mineral. Exclusive facts regarding the biggest gold producer in Africa. Minister for Lands and Natural Resources, Samuel A. Jinapor (MP). This paper reviews the importance of traditional natural resources management practices in Ghana. For example, aeroplanes, trucks, rail cars, ships, bicycles and even the spaceships. Using the 3 types of resources worksheets and printables, your young learner will gain a broader understanding of concepts and language surrounding capital, human, and natural resources in a fun and engaging way. They are very important to our life and existance. Types of natural resources. It, therefore, acquired its stake in the company that does the mining in Ghana. Ghana currently has one of the strongest economies of West Africa's countries due to its richness of natural resources. About WLE The CGIAR Research Program on Water, Land and Ecosystems (WLE) combines the resources They consist of all things that do not come under man-made creations, where what we see around us that takes its course without the intervention of humans, is what would account as a natural … Most diamonds are aged between 1 billion years to 3 billion years old and thus explains their expensive nature. This also includes trees and fish and game (as long as they are not over-harvested and are allowed to regenerate). One of this companies was Paramount Mining Corporation Ltd that entered into an agreement with Leo Shield Exploration Ghana Ltd to try and find more diamond reserves. Renewable Resorces are important because if you couldn't plant stuff from other plants then we would not be able … Given the political It is a rectangular-shaped country bordered to the north by Burkina Faso, the east by Togo, the south by the Atlantic Ocean and the west by Côte d'Ivoire. When you look at the map of Ghana, you will notice that it is a relatively small country located in West Africa in the Gulf of Guinea coast, these mineral resources locations are not in a particular area or region. The report put into light the level of illegal diamonds being smuggled out of the country and being sold in the European markets. Well-endowed with natural resources, Ghana Some unscrupulous companies do not take the environmental degradation that their activities may cause seriously. In terms of energy resource endowment, the country cannot be compared to other countries. It was tasked with, among other things, working in conjunction with other government bodies and international bodies with an aim of ensuring the mining activities do not negatively affect the environment. The 18th century saw the gold industry in Ghana grow significantly. The deposits were believed to be about 6 million barrels. The Ghana economy is driven agriculture and natural resources. And how can the resource curse … The following two years saw the government release its hold of the AGC by opting to put in the market half of its share capital in the company. This important and highly valuable mineral was discovered by the small-scale miners. The various communities in Ghana have different natural resources they depend on in order to develop their communities. In 2017, the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo appointed him as Deputy Chief of Staff in charge of operations at the Office of the President. Some examples of limited resources include coal, nuclear, natural gas, metal ores and oil. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. windfall in Ghana The model features a natural resource sector, investment efficiency and absorptive capacity constraints, Dutch disease effects, and a resource fund. Well, it is because of the various ways in which you can use the natural resource. If you have ever wondered what is meant by natural resources then you are in the right place. Manganese is also used in aluminium alloys. Top 10 mineral resources in Ghana Gold. Improvement of the economy – natural resources are harnessed and for a country like Ghana, they are exported. For an example, an apple tree. This was tasked with the creation of rule and regulations to govern all the aspects of the environment. This is the most naturally occurring metallic mineral in Ghana, making Ghana the 2nd largest gold producer in... Crude Oil. Looking at the Ghana map, you will realize Ghana enjoys a multitude of natural resources. Africa … Are classify in RENEWABLE NON RENEWABLE It can conserve and recover, if we can take care and explote in a good way. Looking at the map of Ghana you will see that Akwaita is located in the Brim Valley. These include gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower, petroleum, silver, salt, and limestone. Energy resources iii. 0 0. The types of business resources will impact the sustainability of the organization along with its profitability.For example, if the organization achieves double the sales target decided, and the company starts to grow rapidly, then the company will keep on growing only if you understand what key resources are and which key resources are impacting increased demand. Natural resources fall under two main categories: Renewable and Non-renewable Resources. For the records, the agrarian sector in the country employs up to 60% of the Ghanaian workforce which sums up about 44% of the country’s GDP. The Larabanga Mosque in the Northern region is the oldest mosque in Ghana, and one of the oldest in West Africa, thought to date back to 1421. Ghana is situated in West Africa between latitudes of 4°N and 12°N, and longitudes of 4°W and 2°E. And for this reason, there are very few impurities that can affect diamonds. The exporting of these natural resources bring an income to the government and this leads to increased capital for the government to continue with the improvement of the economy. Some of the natural resources available in Ghana include gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower, petroleum, silver, salt and limestone among others. If you plant an apple seed after awhile there will be a new apple tree! This means that jewelery becomes the common form of gold that reaches consumers all around the world. Nigerian Infopedia is Nigeria's authoritative top quality information website that provides resourceful information about her culture, people and things associated with Nigerians. However, if a diamond has some impurities, it becomes coloured. Manganese. The search for natural resources especially precious stones in West Africa started since the colonial era. 7. All these resources cut across the agricultural, mining and human sectors. You have entered an incorrect email address! They can either be used in their natural form or processed and manufactured into artificial products for consumption. In 2010 production commenced. Let us take a look at the two broad types of resources - natural resources and man-made resources. Specifically, in the early 18th century, most of the gold that was coming from Ghana originated from the Ashanti and Western region. Before the exploitation of oil in Ghana, the oil was imported. Some electronic materials are coated using aluminium. Since then, the exploitation of this mineral has continued all over the country. A pure diamond that has no impurities are crystal clear. Well, if you did, let me correct you. With all these well endowed mineral & natural resources found in Ghana, the country boasts to have twice the per capita output of the poorest countries in West Africa as Gold, timber, cocoa, diamond, bauxite, and manganese exports are major sources of her foreign exchange. It is used in the making of making cooking utensils. INTRODUCTION A geographic information system (GIS) captures, stores, analyses, manages, and presents data, which is linked to locations or having spatial distribution. The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. With its support to the WRF2020 and SRI, Switzerland is making a relevant contribution to the sustainable extraction of natural resources and to a fair recovery of raw materials from waste.” Land Tenure and Natural Resource Access in Northern Ghana – With a focus on women. This deal was seen as a stepping stone in the revival of the five existing potlines at the idled Valco smelter, that is said to have a capacity to produce about 120,000 metric tonnes of aluminium per year. We are happy to interview Nana Owusu-Ansah from the Wildlife Division of the Forestry Commission of Ghana about the research he is conducting in the Gbele Resource Reserve in the Upper West Region of Ghana. Fuel minerals like coal, oil and natural gas have been given prime importance as they account for nearly 87% of the value of mineral production whereas metallic and non-metallic constitutes 6 … Cacao, diamonds and manganese are some of the resources naturally found in Ghana. We all know that numbers don’t lie right? The United Nations Conference on Trade and Development (UNCTAD) has commissioned this country case study on natural resources management and sustainable development in Ghana, with particular reference to the gold sector. It is predominantly an agricultural country. Most countries in Africa are blessed with lots of resources such as gold, diamond, crude oil, vast lands inter alia. You will be surprised to find out that the mining of minerals in Ghana contribute 5% of the country's GDP. What has Ghana done to avoid the resource curse syndrome? Mineral resources iv. These include gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower, petroleum, silver, salt, and limestone. Gold in Ghana. This black-and-white Sahelian structure has a distinct mud minaret with wooden poles jutting out, similar to other mosques in West Africa such as those found in Timbuktu, as well as other buildings with ancient Sudanese architecture. It is not uncommon to find a person with a gold tooth. However, a report that was published in 2004 by two organizations, Global Witness Publishing Inc and Partnership Africa Canada, revealed that diamonds were being exploited in Ghana from as early as before 1989. The four types of economic resources are labor, land, capital and entrepreneurship. Although Ghana has a wide range of minerals, only some—gold, diamonds, manganese, and bauxite (the principal ore of aluminum)—are exploited. They include; Do you think it was just by chance that the colonialists called Ghana the “Gold Coast” ? The table below will help us understand this better. Ghana has generous water resources that have the potential to provide 2,420 MW of hydroelectricity (REEEP, 2014). Transport – Aluminum is used in the making of various transportation modes. Natural resources are what occurs in nature in their original, untouched form – unless of course man disturbs this. Save my name, email, and website in this browser for the next time I comment. Ghana is endowed with abundant natural resources, which have played a key role in the development efforts of the country. In this paper, we will address three main questions: what do we know about the resource curse? Aluminium has several uses. It is believed that diamonds were first mined in India. This body is also responsible for, READ ALSO: List Of Mining Companies In Ghana 2018, Get the news that matters from one of the leading news sites in Ghana, Photos of Akua GMB and Dr Kwaku Oteng's rarely seen daughter pop up as she celebrates 2nd birthday with her father, Girl from small village in Upper East turns best graduating chartered accountant with 4 awards, Ghana Facts Life Hacks DIYS and Practical Tips. Do you think it was just by chance that the colonialists called Ghana the “Gold Coast” ? They went ahead to test the possibility of creating cement from the bauxite mining waste. Energy sources like the sun, wind, and water are all considered to be modern alternatives to fossil fuels.Since the 19th century, humans have relied on fossil fuels like coal, gas, and oil, to power their homes, light lamps, run engines, and fly planes. Have you ever experienced the feeling of satisfaction? An example of the impurities that affect diamonds is nitrogen and boron. The Guyanese economy is heavily dependent on natural resources such as arable land, minerals, and forests. The Hon. However, there have been some steps that have been taken by The Building and Road Institute of the Council for Scientific and Industrial Research of Ghana to examine the possibility of producing cement in Ghana. In 2011, the mining sector accounted for 56 percent of exports up from 12 percent in 2010 due to the recent discovery of oil in the country. Ghana Natural Resources: List of Natural Resources Found in Ghana, List of Natural Mineral Resources Found in Adamawa State, Cotton Farming In Nigeria: Guide on How To Start (2021), Looking Ahead In 2021: What New Revenue Streams Can Nigeria Look To, Buhari’s Ministers: List of Nigeria’s New Ministers & Their Portfolios (2021), Top 10 Most Poisonous Snakes in The World + Pictures (2021), Best Fireproof Safes & Prices in Nigeria (April, 2021), Cost Of Hair Transplant In Nigeria (2021), Full List Of Mountains In Nigeria & Locations. The shares bagged a total of 250 million dollars which the government aimed at adding in its development agenda. Geography. This mineral is introduced to steel to help rid the steel of excess sulphur, phosphorus and oxygen to improve the ability of the steel to be shaped to desired models. The Minister for Lands and Natural Resources Hon. The natural resources of Ghana are, cocoa, rice, cassava (tapioca), peanuts, corn, shea nuts, bananas and timber. in agriculture, natural resources and poverty reduction Case study of Ghana’s Upper East Region Saa Dittoh, Katherine Ann Snyder and Nicole Lefore LED BY: RESEARCH FOR DEVELOPMENT (R4D) LEARNING SERIES 3 ISSN 2522-7076 . Capital increases the productivity of human input. Wildlife species - 222 Mammals, 128 reptiles, 38 amphibians, 721 bird species. Some of them include: Natural resources have a lot of positive as well as negative effects. Welcome to the Ministry of Lands and Natural Resources. Feed the Future Ghana Agriculture and Natural Resource Management Project . If Ghana could talk, she would be the perfect example of someone who is blessed and satisfied. The Lands Commission – This is the commission tasked with the legal aspect of mining by keeping legal records and examining new applications for mining industries. Non-renewable would include oil, coal, natural gas, and mined metals/minerals. For example, the people of Ada depend on salt mining, the people of Obuasi also depend on gold etc. Natural resources in Ghana 1. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. They must also report which government entity receives the payment, and must break down the payment data by project, where applicable. The exploration of manganese in Ghana can be traced back to the early 1970s. Natural resources are made by the Earth only, and they are useful to humans in many ways. The European Union (EU) Ambassador to Ghana, H.E Diana Acconcia has today 31st March, 2021 paid a courtesy call on the Hon. Types of Mineral Resources: Minerals in general have been categorized into three classes’ fuel, metallic and non-metallic. https://nigerianinfopedia.com.ng/ghana-natural-resources-found-in-ghana Cacao and Major Commodities Ghana is enormously rich in natural resources and is able to use these commodities to foster economic growth. Ghana will devolve increasing power to Regional and District Assemblies in the coming years. There are 2 types of natural resources: renewable and non-renewable. 540 kilometres coastline with sandy beaches, Waterfalls, (Kintampo Waterfall, Wli … Examples of such countries include; South Africa, Ghana, DR. Congo, Nigeria, Angola, Rwanda etc. Types of Natural Resources The World Bank defines natural resources as “materials that occur in nature and are essential or useful to humans, such as water, air, land, forests, fish and wildlife, topsoil, and minerals.” 3 These resources can be Ghana, like most West African countries, has daunting environmental challenges since its economic development depends directly on natural resources… Corpus ID: 54578685. With all these natural resources, there are some bodies that have been set up to try and govern and put in check as well as create policies that help improve and sustain the mining industry in Ghana. NATURAL/ECOTOUTISM RESOURCES. The country’s domestic energy resources are crude oil, natural gas, hydropower and other renewable energy sources such as wind, solar and traditional biomass. The Natural Resource Governance Institute, an independent, non-profit organization, helps people to realize the benefits of their countries’ oil, gas and mineral wealth through applied research, and innovative approaches to capacity development, technical advice and advocacy. DISCLAIMER . There are several things used in construction that are made by aluminium including windows, roofs and building wires. Interesting facts about Ghana that you never knew. The Guyanese government estimated that in 2015, roughly 83.95% of the country’s total land area was covered with forests. These resources include land, rocks, forests (vegetation), water (ocean, lakes, streams, seas, and rivers), fossil fuel, animals (fish, wild life, and domesticated animals)… Ghana’s rapid population growth is reflected in the rapid expansion of the Settlements land cover class. 0 0. A Study of Natural Resource Utilization in Ghana. Chizoba is a seasoned Information blogger, content developer and the founder of Nigerian Infopedia. They were discovered by the company called Kosmos Energy LLC. The people who do … You should first realize that the mining industry in Ghana is a pretty huge deal. Due to the high level of electrical conductivity of gold, it is not strange to find electrical appliances made with some gold. December 23, 2016. In 2019, Ghana exported a total of $21.7B, making it the number 72 exporter in the world. During the last five reported years the exports of Ghana have changed by $4.25B from $17.5B in 2014 to $21.7B in 2019. NATURAL/ECOTOUTISM RESOURCES. Volume 2 Issue 4, April 2015 ISSN: 2394-4404 GIS And Remote Sensing Applications In Natural Resources Management Ruby Panwar Amit Kumar I. These minerals are mined and exported from the country. Natural resources are materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. Well, if you... 2. Thus the formation of the Ghana Environmental Protection Agency (EPA). ... Land pertains to all natural physical resources, including all raw materials used in the manufacture of goods and services. The Ministry of Lands and Natural Resources – The ministry has been tasked with the responsibility of overseeing the smooth running and to create rules that govern the mining industry. The Gender Integration plan was made possible through the generous support of the American The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. You don't believe me? Elmina and Cape Coast castles, Manhyia Palace Museum which has historic relics and artifacts of Ashanti Kings. Forest and Wildlife resources The minerals that Ghana exports are responsible for 35% of the total revenue that is collected by the government. Akwaita was where the diamonds were first found in Ghana. Some musical instruments, like guitars, are made using aluminium. It is found in almost all devices including mobile phones, televisions, HDMI cable and many more. The company is a subsidiary of the Canadian owned Red Back Mining Inc company. HISTORICAL RESOURCES: Ghana has over 30 Forts and Castles i.e. In Ghana the majority of international mining companies, including Asanko Gold, It was not until the year 2008 that commercially viable deposits of crude oil were discovered in Ghana. Well, you might also want to know that 37% of the total exports by Ghana are minerals that are mined in the country. This is in contrast to Nigeria (most populous black nation in Africa) who solely depends on oil as her major base of the country. Renewable resources Renewable resources are those that are regularly available (like water) or can be reasonably replaced or recovered, like vegetative lands.