By Kofi Adu Domfeh
February 9, 2012
The absence of technical and technological partnerships between government and industry hinders opportunities for local firms to access opportunities in the mining supply chain, that is according to artisans in Suame, Kumasi.
The artisans who work at the Suame light industrial area in Kumasi say the mining companies are unable to patronize local products and services due to issues of standardization.
A World Bank report released on Monday says mining companies can boost economic growth in West Africa by purchasing more equipment, supplies and services from local companies. It focuses on Ghana, Guinea and Senegal.
The study titled “Increasing Local Procurement by the Mining Industry in West Africa” shows that raising the share of local procurement by mining companies would spread the benefits of mining more evenly across a country’s economy, creating jobs and stimulating the sustainable development of local enterprises.
World Bank’s Vice President for the Africa region, Obiageli Ezekwesili, said buying local goods and services is a catalyst for private sector development and sustainable growth.
The report recommends that West African governments work with mining companies, suppliers, and civil society to strengthen definitions and indicators for measuring local procurement. It also tasks mining companies to develop and implement local procurement plans…Read more.