
Audio By Carbonatix
Alhaji Collins Dauda, Minister of Lands and Natural Resources has tasked stakeholders in the mining sector to collaborate with government to achieve sustainable development through mining.
He said while government would play the lead role to achieve the desired goal of using mineral resources to foster sustainable development, stakeholders should put their hands on deck.
Alhaji Dauda was speaking at the opening of the Eighth West African Mining and Power Conference (WAMPOC), under the theme: "Promoting Sustainable Development through Mineral Resource Development" in Accra on Wednesday.
He said mining companies and other mining industry operators should cooperate with government to improve the local content in their operations by adhering to succession plans, procurement of local goods and services and conscious training of locals to work in the mining and allied industries.
Alhaji Dauda noted that companies should strengthen their community affairs department to actively and efficiently engage host communities on issues relating to their mutual co-existence.
He called on traditional authorities to promote dialogue and consensus building with mining firms to maximize economic and social benefits from the mines, adding that the benefits could be channelled into other economic activities to promote development of independent communities.
"Government would streamline and enhance monitoring and evaluation of fiscal and financial flows within the sector to ensure efficient mobilisation and distribution of the benefits of mining," he added.
Alhaji Dauda said legislation and guidelines would be developed to ensure that disbursement and usage of royalties were returned to mining communities.
"The economy of any community, which depends substantially on mining could in time grind to a halt if the use and management of communities' share of revenues and other benefits are not planned, invested and directed properly" he said.
He noted that the economy would be expanded to ensure that mining communities continued to develop after mining activities were stopped.
Mr Kwame Pianim, an Economic Consultant stated that the country needed to maintain a stable macro-economic environment to ensure sustainable development, adding that the economy should be made attractive to foreign financing through the creation of an environment of policy certainty and sustainability.
"We need to have a good policy environment to help us attain greater heights in the mining sector," he said.
He urged government to strengthen and scale up local banks to finance mining industries, while the International Monetary Fund (IMF), World Bank and other interested companies should be given the opportunity to support the sector.Source: GNA
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
-
New synthetic drugs, cocaine and meth booming, warns UN
1 minute -
Reparatory justice is about accountability, not sentiment – Asiedu Nketiah
13 minutes -
Thousands seek way out as South Africa braces for anti-immigrant protests
22 minutes -
Government urged to strengthen industry partnerships to boost TVET employability
25 minutes -
Ex-TVET Director-General raises concerns over teacher shortage, funding
27 minutes -
Telecel expands promotion of sports, culture as Otumfuo tees off 69th Open Golf Championship in Kumasi
36 minutes -
AkoFresh CEO wins $100,000 OPEC Fund Youth Entrepreneurship Award
37 minutes -
Cancellation of Zoomlion contract worsens Accra flooding
43 minutes -
GIADEC signs €300m MoU with Danieli to develop aluminium foil plant in Tema
48 minutes -
IC Insights predicts growth rate of 6.4% for Ghana in 2025
49 minutes -
Imperial General Assurance, World Vision Ghana empower girls with menstrual hygiene support
55 minutes -
Bolt rewards outstanding drivers with household appliances, fuel vouchers
1 hour -
GEPA opens Ghana Trade House in Philadelphia, deepening commercial footprint in USA
1 hour -
Bill to end witchcraft accusations under consideration—Local Govt Minister
2 hours -
Calgary University professor leads experts at a free virtual data science and AI conference
2 hours