State four importance of minerals in Ghana

The mining sector is an important segment of the Ghanaian economy and has played a significant role in the country’s socioeconomic development since the colonial period. Historically, the mining sector’s contribution to gross foreign exchange, particularly gold, has only been paralleled by the cocoa sector. Consequently, the mining sector has witnessed intense policy reforms and restructuring since the dawn of the country’s structural adjustment programme in the early 1980s (Akabzaa and Darimani, 2001). These reforms have led to increased investment in the sector, increased new mines coming on-stream, ballooning minerals output and sales value, especially the gold sub-sector.

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