Amid renewed public debate over the renewal of mining leases and the future of resource ownership in Ghana, the government has reiterated its stance that fostering mutually beneficial partnerships with investors should not be mistaken for nationalisation of the country’s mines.
Speaking at the 19th West African Mining and Power Expo (WAMPEX) on Wednesday, June 3, Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah addressed concerns about Ghana’s mining policy and the investment climate. He emphasized the government’s commitment to providing a stable, transparent, and investor-friendly environment, assuring stakeholders that Ghana remains open for business.
“To our partners and our investors, I wish to reaffirm that Ghana remains committed to providing a stable, predictable, fiscal, legal certainty, and transparent environment for investors. So, forget about all the noise you’re hearing. You are hearing it from me. That is what we are focused on,” the Minister declared.
Buah clarified that a partnership model where investors earn competitive returns while contributing to local empowerment, value addition, and skills transfer is not the same as nationalising the mining sector. “A win-win partnership where investors get a good return on their investment and, in return, leave a lasting legacy of empowerment, value addition, and expertise cannot be nationalism of mines. It cannot,” he stated.
The Minister also called on investors to strengthen collaborations that foster value addition and urged policymakers and regional institutions to align development frameworks for accelerated progress.
“So, let me conclude by reemphasising Ghana’s commitment to building a mining sector that is modern, responsible, resilient, and globally competitive. The opportunity before us is very important. Therefore, if we act with vision, discipline, and partnership, we can turn West Africa’s natural wealth into jobs, industries that guarantee security and lasting prosperity for our people,” Buah urged.
The government’s message comes at a pivotal moment for Ghana’s mining sector, as it seeks to balance investor interests with sustainable development and local empowerment.
Source: Apexnewsgh.com