IERPP flags 'opaqueness' in Damang mining contract, calls for due process reforms
The Institute for Economic Research and Public Policy (IERPP) has raised concerns over a lack of transparency in the Damang mining contract. The IERPP is calling for stronger due process reforms in the award and management of mining concessions in Ghana. The Damang mine was recently handed to Engineers and Planners, owned by Ghanaian businessman Ibrahim Mahama, after a bidding process.
Isaac Boadi, the Executive Director of IERPP, said that the handling of key mining agreements continues to raise governance questions, particularly regarding how state assets are transferred or allocated to private entities. He stated, "We only challenged the opaqueness of that particular contract… how it was purchased, how it was awarded to the business person." The IERPP referenced the Damang mining contract as part of broader concerns about governance in the extractive sector, warning that unclear procedures risk undermining public confidence and accountability. The Institute also argued that Ghana's natural resource management system requires urgent reforms to ensure transparency in contract awards and to prevent avoidable losses to the state.
The IERPP highlighted that its broader assessment of the sector identified multiple threats to Ghana's natural resources, including weak oversight, environmental degradation, and limited civic engagement in accountability processes. The Institute is calling for reforms to strengthen due process in mining agreements and improve transparency in the management of the country's mineral wealth.
Quick Summary
The IERPP has expressed reservations regarding the Damang mining contract- citing a lack of transparency. The institute is now advocating for reforms in how mining concessions are awarded in Ghana- but why now?
Summary - read the full story for complete context.
Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Politics
Old Tafo MP calls for removal of NPRA CEO over 'reckless spending'
Why is an MP calling for the removal of a CEO, and what does it have to do with pension funds?
1d ago•2 min read
