• About Us
  • Privacy Policy
  • Contact Us
Sunday, June 15, 2025
MyPublisher24
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
No Result
View All Result
Morning News
No Result
View All Result
Home Business

IES boss criticizes mining policies, urges shift towards national ownership model

Osumanu Al-Hassan by Osumanu Al-Hassan
November 15, 2024
in Business
0
mining policies
0
SHARES
40
VIEWS
Share on FacebookShare on TwitterWhatsapp

Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has delivered a critical assessment of Ghana’s approach to sustainable mining, raising concerns about environmental degradation, governance, and foreign dominance in the sector.

Speaking on the topic, “Sustainable Mining: Can Ghana Truly Balance Mineral Extraction with Environmental Preservation?” in a recent interview with JoyNews, he questioned whether the nation has responsibly managed its natural resources, particularly in addressing illegal mining and the long-standing environmental impacts it has imposed.

READ ALSO

GRA postpones GH₵1 fuel levy implementation

BoG’s cocoa reserve use dangerous precedent — Banking expert

Nana Amoasi highlighted that “galamsey” (illegal mining) has not only intensified over the years but has led to unprecedented destruction of water bodies and land, affecting the livelihoods and health of local communities.

“If someone has to suffer for this, it means the responsible authorities failed to enforce checks on miners and the citizens eager to exploit these resources,” he stated.

He emphasized that while mining remains essential to Ghana’s economy, it has been mismanaged, with the government often defending irresponsible practices, even when they occur in protected forest reserves.

Reflecting on his experience in Obuasi, a historic gold mining town, he noted that mining has not yielded substantial local development. “Ask me, what is the state of Obuasi today? What is the state of Tarkwa today? Mining itself is not generating the anticipated revenue or development,” he said, citing that mining communities often face worsened economic conditions after mining operations cease.

The lack of substantial benefits, he noted, stems from Ghana’s dependence on foreign companies for large-scale mining, which yields limited returns to the country and diminishes Ghana’s control over its own resources.

Speaking further during the interview, Nana Amoasi underscored the urgent need for policy reforms to increase Ghanaian ownership and involvement in mining operations.

“We should begin to look at policies that guard against unnecessary intrusion by foreign entities. Ghana must be more deliberate in building its own capacity,” he argued, referencing the nation’s Mineral Income Investment Fund, which could be better utilized to support local mining ventures rather than undertaking more foreign investments.

The Executive Director called for a cohesive national framework that prioritizes Ghana’s environmental preservation while enhancing the capacity of local entities to play a more substantial role in mining.

Source: Norvan Reports
Tags: IES bossmining policiesnational ownership model

Related Posts

GRA, fuel levy
Business

GRA postpones GH₵1 fuel levy implementation

June 14, 2025
Cocoa,Dr. Richmond Atuahene,BoG,
Business

BoG’s cocoa reserve use dangerous precedent — Banking expert

June 10, 2025
Business

CPI eases to 18.4% in May as Cedi gains, fiscal measures drive stability

June 8, 2025
Rektron Group
Business

Canada’s Rektron Group to acquire 60% Stake in AT Ghana

June 5, 2025
remittance, end-year cedi , $370m IMF disbursement, Effia MP, major currencies
Business

BoG moves to block leakages in remittance inflows as part of measures to stabilise cedi

June 5, 2025
remittance, end-year cedi , $370m IMF disbursement, Effia MP, major currencies
Business

Fitch revises end-year cedi projection to GH₵13 per dollar

June 2, 2025
Next Post
been named, Dr. National Petroleum

King Faisal F.C appoints Dr. Mustapha Abdul-Hamid as club Chairman

POPULAR NEWS

Lighthouse chapel

Lighthouse Chapel Case: 6 Ex-Pastors Demand $12 Million Settlement

April 30, 2023
aircraft

Light House Brouhaha: Kofi Bentil Exposed Over $12M Settlement Deal

April 24, 2023
SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

April 24, 2023
Kwaku Azar writes: Until a prima facie case is established

Akufo-Addo Nominates Gertrude Torkornoo As New Chief Justice

June 12, 2025
Lighthouse Brouhaha: Larry Odonkor charged with Stealing

Lighthouse Brouhaha: Larry Odonkor charged with Stealing

April 24, 2023

EDITOR'S PICK

Prosperity Dialogues

Mahama backs Africa Prosperity Dialogues, calls for urgent action on trade and infrastructure

February 3, 2025
Canada Goose Coat Mugging Rise; Crooks Are Targeting Owners Of £1,700 Jackets

Canada Goose Coat Mugging Rise; Crooks Are Targeting Owners Of £1,700 Jackets

January 3, 2024
President Nana

Slave Trade: President Akufo-Addo rallies reparation for Africa

August 2, 2023
Ghana Union, Union of, coming Finance, Ghana Union

GUTA to sign accountability agreement with political leaders 

February 8, 2024

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Important Links

  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

Recent Posts

  • Afenyo-Markin challenges Deputy Speaker’s ruling: Says sub judice rule was misapplied
  • ActionAid Ghana makes strides in combating child marriage
  • Israel-Iran conflict cause of D-levy suspension – Energy Ministry
  • Minister admits 12 out of 14 districts suffering from galamsey

Archives

  • About
  • Privacy Policy
  • Terms of Use

© 2025 mypublisher24 - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

© 2025 mypublisher24 - All rights reserved.