Act 912 primarily focuses on establishing a framework for the management and disbursement of funds derived from mineral royalties in Ghana. The Act aims to support mining communities and enhance the development of the mining sector while ensuring accountability and transparency in the utilization of funds. Key measures outlined in the Act include the establishment of a governing Board responsible for the Fund's management, which comprises representatives from various ministries, the Minerals Commission, and local authorities. The Act specifies the allocation of funds, including percentages designated for community development, operational support for relevant ministries, and research initiatives, thereby establishing compliance requirements for financial management and reporting. The text consists of 28 Articles.
Ghana · 2016-03-29