Managing the Impact of Speculative Risk Activities in Mining Communities in Ghana | Chapter 3 | An Overview on Business, Management and Economics Research Vol. 5

 Ghana's excavating industry's compensation and migration laws prohibit theoretical development as a risk guardianship for mining companies. Despite the standard, mining communities desire to take advantage of their speculation. This chapter checks the effect of speculative mining ventures and issues of compensation on two together the speculators and the mining associations within some excavating communities in Ghana. As a qualitative-located research, data was collected intentionally using questionnaires, observation, and representative survey group discussions from 93 crowd living within communities guide speculative mining exercises. Univariate statistics were used to analyse the data for further explanatory discussion of the key findings. The study disclosed that the community family learned about potential speculative extents through preliminary reconnaissance and preparatory endeavors of the companies in these areas. The research settled that whereas the mining associations were negatively jolted by speculative activities by way of increased budgets, community agitations, delays in the dawning of mining activities and dangers to resettlement officers' lives all the while fieldwork; the community folks were more affected by delays in migration compensation processing and frequently losses due to dismissal in payment. Again, at a 5% significance level, it was settled that speculation threatens the sustainability of the excavating business by way of the plurality of speculative business-related activities in the region of movement of mining companies. Even though it is imagined that speculative mining actions will continue, it has happened proposed that to reduce theoretical activities in mining societies, there must be increased knowledge through civic education to the effect that constitutionally, mining companies are not likely to pay pre-moratorium for theoretical economic activities. This concede possibility go a long way to improve the friendship between the communities and the excavating companies.

Author(s) Details:

Joseph Teye I. Buertey,
Department of Built Environment, Pentecost University, P.O. Box KN 1739, Ghana.

Felix K. Atsrim,
Fedems Limited, Consulting Engineers, Oleander Street Accra, Ghana.

Kwasi Boateng,
Fedems Limited, Consulting Engineers, Oleander Street Accra, Ghana.

David Doe,
Accra Technical University, Ghana.

Ransford Asirifi,
Accra Institute of Technology, Ghana.

Please see the link here: https://stm.bookpi.org/AOBMER-V5/article/view/12424