20-year mining lease cap could deter investors - Suame MP warns
John Darko, Member of Parliament for Suame and Legal Counsel for the Minority, raised concerns on JoyNews' The Pulse that the government's decision to cap mining lease periods at 20 years could discourage investment in Ghana's mining sector. He stated, "This has been debated for a while. Some believe that because we need to attract investment into the mining sector, capping the tenure to 20 years will be a problem."
Mr. Darko noted that mining is a capital-intensive venture, requiring investors to have sufficient time to recover resources. The Lands and Natural Resources Minister, Emmanuel Armah-Kofi Buah, recently announced reforms including a review of mining lease tenure from 30 years to 20 years. Mr. Darko argued that shortening lease periods could make Ghana less competitive compared to countries like Benin and Côte d'Ivoire, which are attracting mining investments. He emphasized that Ghana's peace and long history in mining are key strengths.
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Suame MP John Darko has voiced concerns that the government's proposed 20-year cap on mining leases could deter foreign investment in Ghana's vital
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