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    Home»Business»Establish new exploration fund in Ghana – Dr. Ackah
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    Establish new exploration fund in Ghana – Dr. Ackah

    ZamZam UpdateBy ZamZam UpdateFebruary 21, 2025No Comments2 Mins Read
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    Dr. Stephen Ackah

    The Government Director of Ghana Gold Expo, Dr. Stephen Ackah, has known as for the creation of a brand new exploration fund in Ghana, emphasizing it’s important to unlock the nation’s full mineral potential.

    In an interview with Pleasure Enterprise, Dr. Ackah stated the institution of the exploration fund beneath the Minerals Earnings Funding Fund (MIIF) is essential for driving financial growth and likewise for addressing historic challenges and making certain inclusive participation.

    He known as for robust collaboration amongst businesses inside Ghana’s extractive sector to realize this name.

    “Now we have to work to enhance the extractive sector as a result of they will deliver development to our economic system”, he stated.

    Ghana’s gold assets, specifically, have lengthy fueled the nation’s economic system. Nevertheless, regardless of this wealth, there was a persistent concern of restricted native participation within the possession and advantages of mining ventures.

    To deal with this historic imbalance and empower Ghanaians, Dr. Ackah burdened {that a} new exploration fund is important for rising crucial minerals.

    He additional highlighted that international entities ought to recognise the significance of native content material and make sure that Ghanaians have a stake on this increasing business.

    Dr. Ackah additionally talked about that plans are underway to deliver collectively eight African international locations to hitch certainly one of Europe’s premier Valuable Stone and Exploration Funds.

    In mild of the rising lithium market, he urged African governments and buyers to decide to exploration based mostly on confirmed pegmatite deposits, proposing a fund of $1 billion.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.



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