The Deputy CEO of Ghana’s Minerals Fee, Isaac Andrews Tandoh, has made a daring case for better Ghanaian management over the nation’s mineral wealth.
Talking on Pleasure Information’ PM Categorical Enterprise Version on Thursday, April 17, he declared that 30-year mining leases should not change into everlasting preparations that rob Ghanaians of true possession.
“There hasn’t been a coverage for nationalisation,” Tandoh clarified, “in contrast to our neighbours Burkina Faso and Mali.
“However what we’re pushing for is indigenisation, in order that Ghanaians profit from our assets. In order that our infrastructure advantages. That’s our focus.”
His remarks observe the federal government’s dramatic takeover of Gold Fields’ Damang mine after it rejected the South African firm’s bid to resume its mining lease.
The choice was confirmed in a press release from the Ministry of Lands and Pure Assets on Wednesday.
Andrews Tandoh defended the transfer, saying the period of open-ended concessions is over.
“A few of these agreements can’t be in perpetuity. It can’t be perpetually,” he mentioned.
“Should you’ve been given a lease for 30 years and also you’ve labored by the 30 years, it can’t be enterprise as regular.”
“We are able to’t say these neo-colonial kind of agreements ought to simply proceed. It can’t proceed,” he burdened.
The Minerals Fee boss burdened that Ghana nonetheless welcomes international funding, but it surely should include equity and a transparent exit technique.
“We help funding. However what’s honest is honest. Should you’ve made your earnings over three many years, let’s have a dialog about worth for Ghanaians. Let’s re-negotiate, or hand it again.”
Andrews Tandoh mentioned the fee is dedicated to a mannequin that balances funding with nationwide curiosity. “Ghanaians should see the profit. Not simply in numbers on paper. In jobs. In infrastructure. In possession.”
He mentioned the Damang case is not going to be the final.
“We’re reviewing all expiring leases. Those that have delivered worth will probably be engaged. But when we really feel the folks of Ghana usually are not getting what they deserve, we’ll act.”
Isaac Andrews Tandoh’s message was unmistakable: “30 years is sufficient.”
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