Chief Executive Officer of the Minerals Commission, Dr Tony Aubynn has called for the adoption of stategies by both employers and employees in the gold mining industry to battle the inherent industry challenges. He believes policies that favour both parties require economic decisions which will be difficult for a third party to impose.
The price of gold on the world market has decreased significantly for over a year. This and other global economic challenges have greatly affected the gold mining industry worldwide with dire consequences for nations like Ghana which depend on the export of the precious metal for foreign exchange.
Ghana has also seen major employers in the gold sector like Anglogold Ashanti and Golden Star lay off thousands of workers with more layoffs expected.
