Studies have shown that the mining companies across the country has procured an amount of $1.23 billion worth of goods and services in 2017, which represents 34% of the mineral revenue of the sector.

However, the amount is less as compared to the $1.5 billion volume for goods and services locally sourced in 215.

Local businesses  in the value chain have been asked to position themselves in order to feed the supply needs of the multinational mining firms.

Sulemana Koney, the CEO of the Ghana Chamber of Mines, while speaking on Accra based radio station Starr FM said if local supplies meet international standards, there is a vast opportunity for them to export to neighbouring countries.

The Chamber of Mines, he added has signed an MOU with the Ghana Standards Authority “to ensure that we are able to work with local manufacturing firms to improve the quality of their input up to a certain level before they go into the mines.”

He indicated while speaking that, “Once we start doing this what we will be doing indirectly is growing the manufacturing base” of the country and “providing an opportunity for even local entrepreneurs to sell or market into neighbouring markets.”