Ghana’s Minister of Lands has dismissed claims that the federal government is pursuing useful resource nationalism, saying at a mining expo in Accra that the federal government desires value-adding partnerships, not mine seizures.
Talking on the nineteenth West African Mining and Energy Expo (WAMPEX) on Wednesday, Emmanuel Alma-Kofi Buah stated useful resource nationalism shouldn’t be the coverage of the Mahama authorities. He sought to allay fears that Ghana would drive away international traders or take management of Ghana’s minerals on the expense of personal capital.
He stated Ghana needed a partnership that left a legacy of authority, experience and added worth, whereas giving traders a good return. “It should not be mining nationalism,” he stated.
Nevertheless, the minister known as on traders to maneuver past previous extractive fashions and assist construct home value-adding industries by expertise switch, abilities improvement and native participation. He urged partnership with Ghana in constructing value-added industries.
His remarks got here amid public debate over the renewal of mining leases and the way forward for useful resource possession in Ghana. Bua stated the nation’s purpose is a contemporary, accountable and globally aggressive mining sector and reaffirmed its dedication to a steady, predictable and clear funding setting.
He argued that West Africa’s mineral sources can solely obtain lasting prosperity by cooperation between governments, traders and regional establishments, calling for stronger partnerships to show sources into jobs and trade.
WAMPEX brings collectively over 6,000 mining professionals and over 250 exhibitors from 20 nations and can run till June fifth in Accra.
