Mahama's directive for shift in mining sector commendable - UP
John Mahama's directive was lauded by the United Party (UP) for ensuring Ghanaian mining companies take a leading role in the country's mining sector.
The government has directed major international mining firms, including Newmont, AngloGold Ashanti, and Zijin Mining, to transition their operational mining activities to local Ghanaian contractors by December 31, 2026, or face possible sanctions. The policy seeks to enforce revised regulations requiring surface mining to be handled by 100% Ghanaian-owned firms, while underground mining must have at least 50% local ownership. The UP's Director of Communications, Solomon Owusu, said the move will help boost the economy and increase confidence among local investors interested in the mining industry.
Mr. Owusu also noted that the directive is long overdue and, if properly implemented, will significantly benefit the country. He indicated that the policy will create opportunities for graduates of the University of Mines and Technology (UMaT), Tarkwa, enabling them to secure employment after completing their studies.
Quick Summary
The United Party (UP) has commented on a recent government directive regarding the mining sector. The directive aims to shift operational mining activities to local Ghanaian contractors- but what could this mean for the economy?
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