An examination of economic benefits expectations from Mining activities by fringe communities in Ghana- case Study of Edikan Perseus Mining Ghana limited – Ayanfuri.
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Date
2016-08
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KNUST
Abstract
In the recent times, the doubt about why Mining Companies are under increasing pressure,
from the members of fringe communities in addressing economic expectations and life
transforming relevant issues due to a perceived nature of the mining companies’ inability to
honour the said expectations. This sometimes leads to conflicts usually perceived to have been
driven by community genuine demands on lack of employment, non-payment of
compensations, unfulfilled promises, unfair management and sharing of community resources,
and the very meaning of ‘‘development’. This usually results in community upraising,
preventing mines workers through illegal road blockade to work, vandalising of mines
properties and also chasing out of mines workers living in these communities hence, a loss of
man-hour which affects production output and revenue. Arguably, these indications should not
to be allowed to spill over into our fringe communities which could hinder development due
to the denier of direct foreign investments aid in contributing so much to Employments and
the coshing of macroeconomics factors. In the light of this background, the study seeks to
examine the economic expectations of the people in the fringe communities, examine
economic value additions fringe communities gained so far, examine the respondent opinions
of overall economic and social performances in the fringe communities, examine the causes
of the persistent conflicts between the mines and the fringe communities and to examine the
existing arrangements for equitable distributions of economic benefits. To achieve these
objectives, the deductive research approach was employed. I conducted a survey to obtain
data, used a descriptive survey for the analysis and held panel discussions. Non –probability
sampling was used to sample the various communities and/or the research population by
employing purposive sampling. It was found out that lack of employment and lack of education
are the major cause of the conflicts.
Description
A Thesis Submitted To The Department Of Accounting And Finance In Partial Fulfilment Of The Requirement For The Degree Of Master Of Business Administration Finance.