Ghana is preparing to overhaul its mining laws to increase its share of the revenues generated by the surge in the precious metal's price, sparking concern among foreign mining companies in Africa's top gold producer.

By revising its mining code, which currently offers foreign mining firms favourable tax and royalty terms, leaving the state with a limited stake, Ghana is following in the footsteps of other African countries.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.