In a thought-provoking address, the Asantehene, Otumfuo Osei Tutu II, passionately advocated for a pivotal shift in Ghana’s mining industry. Apexnewsgh reports
During a recent meeting of the Ashanti Regional House of Chiefs, he made a compelling case for large-scale mining concessions to be awarded to local investors rather than foreign entities.
“Imagine a Ghana where our own people own and operate the mines, reaping the benefits for future generations,” he urged, suggesting that increased local ownership would lead to more meaningful and lasting economic benefits for the nation. The Asantehene pointed to Johannesburg, South Africa, as a prime example, showcasing how indigenous control over mining enterprises can drive national development and create substantial wealth.
His words resonated particularly in light of growing apprehension regarding the dominance of foreign companies in Ghana’s mining sector. Critics have voiced concerns that this trend not only limits long-term national gain but also undermines the country’s developmental potential.
Otumfuo Osei Tutu II stressed that it was time to move beyond the current system, where foreign firms extract resources while local communities receive minimal returns. He advocated for empowering Ghanaian businesses and individuals to take the lead in mining operations, ensuring a more equitable distribution of the country’s vast mineral wealth.
In a bold call to action, the Asantehene urged traditional leaders to shift their focus from merely accepting royalty payments to pursuing equity stakes in mining ventures. He argued that such an approach would promote local participation and secure sustained benefits for future generations.
His passionate plea aligns with a growing national advocacy for economic empowerment and resource nationalism as Ghana navigates new strategies to maximize the value derived from its abundant natural resources.
With the Asantehene’s leadership, there is a hopeful vision for a future where Ghanaians thrive through their rich mineral heritage.
Source: Apexnewsgh.com
