Audio By Carbonatix
Civil society groups are preparing for a campaign to compel government to adopt measures to ensure proper management of mining revenue for the benefit of ordinary Ghanaians.
Affiliates are unhappy proceeds from the industry are going into recurrent expenditure, instead investment for posterity.
Chairman of the Civil Society Platform on Oil and Gas, Dr. Steve Manteaw, says Ghana needs clear-cut guidelines on appropriation of such resources in the national budget. He spoke to Nhyira Fm on the sidelines of the Ghana Extractive Industries Transparency Initiative workshop in Kumasi.
Dr. Manteaw insists such policy will help improve the lot, especially, of mining communities who suffer unduly from effects of mining.
“Mineral revenues are very volatile in nature and that is the major lesson we learnt in mining and which going into the oil sector, we put in place measures like the Petroleum Stabilization Fund and also the Heritage Fund. The Heritage Fund in particular addresses inter-generational interest in the resource. We would want to see similar arrangements in mining,” Dr. Manteaw stressed.
The Ghana Extractive Industries Transparency Initiative (GHEITI) is aimed at increasing transparency and accountability in the receipt and utilization of payments and revenues generated by the extractive industry.
Dr. Manteaw who is also co-chair of GHEITI, wants citizens to have opportunity to track such funds as is the case with the oil sector.
“We want to see clearly stated areas for spending mining revenues so that we are able to track and ensure that mining revenues are spent on projects that will inure to the benefits of the citizens,” Dr. Manteaw emphasized.
Deputy Ashanti Regional Minister, Samuel Yaw Adusei in his address, asked stakeholders to pay more attention to environmental pollution, among other challenges confronting mining communities.
He also wants total participation of citizenry in the decision making process and commended the Ghana Extractive Industries Transparency Initiative.
“Initiatives like the GHEITI which seek to provide opportunity for public disclosure of revenues by both the extractive companies and government, help to complement existing structures of good governance and transparency in the country,” Mr. Adusei said.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gold Fields touts US$5bn investment, says over 70% of Ghana revenues stay in-country as mining lease debate intensifies
39 minutes -
GNFS warns of economic disaster if safety lapses occur at Kpone power enclave
1 hour -
Xenophobia: NUGS President warns of mass action if gov’t renews Gold Fields lease
1 hour -
Photos from 2026 Hitz FM Rep Ur Jersey
2 hours -
Sterling arrested on suspicion of drug-driving
3 hours -
Ageing fire tenders, lack of hydrants threaten emergency response in Tema Region
3 hours -
Fans defy rain to watch Champions League final at Hitz FM Rep Ur Jersey
3 hours -
Bijou Homes showcases affordable living at 2026 Open House Fair
3 hours -
Barker-Vormawor challenges legitimacy of Anti-LGBTQ+ Bill approval
4 hours -
African Games audit findings are too serious to ignore; officials must answer – NITA Boss
4 hours -
An open letter to the President of the Republic of Ghana
4 hours -
Fans flood Aviation Social Centre for Hitz FM’s Rep Ur Jersey ahead of Champions League final
4 hours -
Kojo Antwi and Meiway set London ablaze with historic live concert at Dominion Centre
5 hours -
Arrive three hours before flight home, airline boss tells UK holidaymakers
5 hours -
US, UK and Australia to develop underwater drone technology
5 hours