TY - CHAP
T1 - Effects of Dwindling Gold Prices on Corporate Social Responsibility (CSR) Performance in Ghana’s Mining Sector
AU - Amponsah-Tawiah, Kwesi
AU - Tuokuu, Francis Xavier Dery
N1 - Publisher Copyright:
© 2017, Springer International Publishing AG.
PY - 2017
Y1 - 2017
N2 - Since the introduction of Structural Adjustment Programs (SAPs) in the 1980s, the gold mining sector has been a major contributor to the economies of many African countries including Ghana. There has been a fall in the global prices of gold in recent times resulting in budget cuts especially those not directly related to corporate prosperity, as well as job losses. This study sought to examine the level of CSR activities in five of the big mining companies operating in Ghana. Findings from the study pointed to a reduction in the profit margins of mining companies as a result of the fallen gold prices, which has invariably affected the volume and nature of CSR activities engaged in by the mining companies in the past 5 years. The study concluded that the fallen price of gold has re-defined the form and shape of CSR activities among mining companies in Ghana.
AB - Since the introduction of Structural Adjustment Programs (SAPs) in the 1980s, the gold mining sector has been a major contributor to the economies of many African countries including Ghana. There has been a fall in the global prices of gold in recent times resulting in budget cuts especially those not directly related to corporate prosperity, as well as job losses. This study sought to examine the level of CSR activities in five of the big mining companies operating in Ghana. Findings from the study pointed to a reduction in the profit margins of mining companies as a result of the fallen gold prices, which has invariably affected the volume and nature of CSR activities engaged in by the mining companies in the past 5 years. The study concluded that the fallen price of gold has re-defined the form and shape of CSR activities among mining companies in Ghana.
KW - Corporate Social Responsibility
KW - Corporate Social Responsibility Activity
KW - Corporate Social Responsibility Report
KW - Mining Company
KW - Mining Sector
UR - http://www.scopus.com/inward/record.url?scp=85053343174&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-52839-7_12
DO - 10.1007/978-3-319-52839-7_12
M3 - Chapter
AN - SCOPUS:85053343174
T3 - CSR, Sustainability, Ethics and Governance
SP - 229
EP - 246
BT - CSR, Sustainability, Ethics and Governance
PB - Springer Nature
ER -
