Evolution of mining industry in Ghana; Socio-economic development and remuneration disparities (1)

Ghana started mining over 100 years ago. Our peers in the mining industry in the developed countries rode on the back of mining receipts to develop their economies. Notable among these are the popular American, Australia and the South African examples. The California example is by all standards the envy of the world. 

Mining transformed the Californian economy significantly moving it from the most sparsely populated state in America to the most populous one in recent times mainly due to the foresight of successive leadership and the governance structure of the United States of America (USA) in ensuring that the economic fortunes of California was sustained beyond mining. It is, therefore, not surprising that California, as a state, is classified the eighth largest economy in the world according to the Centre for Consulting Study of the California Economy in 2012. 

This did not happen per chance but rather as a result of a well thought-out plan envisaging into the fut