The Vice President and flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has unveiled a comprehensive set of reforms designed to transform Ghana’s mining sector and enhance its economic impact.
In his recent Facebook post, Dr. Bawumia summarized the key outcomes of his engagements with Chiefs, the youth, and stakeholders during his constituency-focused tour of the Jirapa, Sissala East, and West Constituencies.
The update emphasized the need for substantial reforms to bridge the gap between Ghana’s mining potential and its realized benefits. Dr. Bawumia’s proposed reforms include the establishment of a Mining Development Bank to provide crucial financial support for the sector’s growth. He also highlighted the need to increase resources for the Geological Survey Department to improve exploration capabilities. Additionally, Dr. Bawumia proposed ensuring 100% Ghanaian ownership of proven reserves designated for small-scale mining to boost local investment and participation.
At various engagements with Chiefs, the youth and stakeholders in the Jirapa, Sissala East and West Constituencies, I explained my new mining policies, including the establishment of a Mining Development Bank, resourcing the Geological Survey Department to undertake major exploration , ensuring 100% Ghanaian ownership of proven reserves earmarked for small-scale mining
Further initiatives outlined include creating plant pools in mining areas to promote shared user facilities, decentralizing the mining licensing regime to local districts for more efficient processing, and supporting licensed community mining schemes to generate jobs and wealth for local communities.
Establishment of plant pools in mining areas to promote shared user facilities, decentralizing the mining licensing regime to all mining districts, and promotion of licenced community mining schemes to create more jobs and wealthy Ghanaians.
Dr. Bawumia concluded his remarks with a confident assertion, stating, “Indeed, it is Possible!” His proposed reforms reflect a strong commitment to addressing longstanding issues in the mining sector and leveraging Ghana’s mineral resources for greater economic development and local empowerment.
