Audio By Carbonatix
Vice President and Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has outlined comprehensive measures he believes will address a general concern with the management of Ghana's natural mineral resources.
Since independence, Ghana's natural mineral resources, from gold to oil, have been largely explored and owned by foreign interests, leaving Ghana, the natural owner of the minerals, with a paltry percentage, which rakes in insufficient revenue.
From one regime to the other, the status quo has remained. However, Vice President Bawumia believes things must change, and he has made comprehensive proposals he believes will change the game for the country and the next generation.
Dr. Bawumia, who first made the call during his major policy address in February, believes Ghana must fully own its natural mineral resource by investing in exploration herself so that the country can fully own its mineral find
Speaking at the Ghana Mining Vision in Sunyani, organised by the University of Energy and Natural Resources, Dr. Bawumia, while outlining what he will do as President to combat illegal mining, also reiterated his call for full Ghanaian ownership of natural mineral resources, as well as what he will do as President to ensure that.
"The overarching objectives (of his policies) are to usher Ghana into a golden age for the maximization of the benefits from our natural resources like gold, lithium, bauxite, and so on through value addition and Ghanaian ownership," Dr. Bawumia said.
"We want to invest by providing funding to the Geological Survey Department and the universities to explore. Once they explore and we find, I believe that the concession should be fully owned by Ghanaians. That will be the objective of my government, by the grace of God."
On promoting responsible mining, Dr. Bawumia restated a number of policies he announced during his major policy address in Accra in February, including setting up the minerals development bank to assist small scale miners into medium scale miners.
"We would also convert many abandoned mining shafts into community mining schemes and also involve our traditional rulers."
"We are also going to train and constantly orientate small scale miners, as well as introduce curriculum at all schools to study some basics about mining, reclamation and mining."
"Through these bold policies, we want to raise our total mining contribution to GDP, and significantly increase or enhance income to government from all mining and related activities. While at it, we will continue to develop policies and stimulate investment activities and our potential in strategic and critical minerals."
Beyond exploring, finding and owning the minerals, Dr. Bawumia is also targeting value addition to Ghana's minerals right here in Ghana.
"Our goal for building a robust, small scale mining sector is to become a leading player in Africa across several chains both in primary and refined products while exporting high value-added downstream products."
"We have to do these, by developing policies that ensure overall investment attractiveness in the sector, whilst driving a policy to ensure indigenous ownership and participation in large scale mining."
Latest Stories
-
TTU’s number-one ranking due to research commitment – Vice-Chancellor
2 minutes -
US pursuing third oil tanker linked to Venezuela, official says
11 minutes -
At least 13 photos removed from justice department Epstein files website
21 minutes -
Margins sets example in Urban Renewal and Climate Resilience
24 minutes -
Rights groups condemn new record number of executions in Saudi Arabia
31 minutes -
Another 130 abducted schoolchildren released in Nigeria
40 minutes -
Ken Ofori-Atta and Ghana’s Loudest Trial Before Evidence
46 minutes -
What if plastics could feed people, not pollute them?
50 minutes -
Malaysia court dismisses ex-PM’s bid to serve sentence under house arrest
50 minutes -
NPP’s Irene Naa Torshie rallies Volta Region delegates behind Kennedy Agyapong
56 minutes -
South Korea parliament passes bill to launch probe into 2024 Jeju Air crash
59 minutes -
Vote for me on the basis of my competence, track record, integrity and vision – Bawumia appeals to NPP delegates
1 hour -
I never take anything for granted; I believe in working hard for Success – Bawumia on engaging delegates nationwide
1 hour -
Alex Iwobi says Afcon is a special football tournament
1 hour -
Team Ghana Shines at 2025 African Youth Games
1 hour
