E&P model should be seen as a blueprint for building local mining giants – GIPA Boss

Simon Madjie, the Chief Executive of the Ghana Investment Promotion Authority (GIPA), has expressed his strong support for encouraging more Ghanaians to have a significant stake in the country's mining sector. In an interview on PM EXPRESS Business Edition, Madjie emphasized that after years of mining and pushing for necessary reforms, particularly in local content, it's time to ensure that indigenes own a stake in the mining industry.

He highlighted the success of local mining companies like Engineers and Planners E&P, which have demonstrated the capability to compete with multinational mining firms. Madjie stressed that the E&P model should serve as a blueprint for building mining giants in Ghana. He pointed out that these companies have played a crucial role in the value chain and have now acquired the capacity to own and manage mines.

Madiesi affirmed that the government is fully committed to supporting every Ghanaian and business owner to have a stake in critical sectors of the economy. He reassured the public that the government is invested in the success of every Ghanaian and aims to help them grow and compete on the international stage. Additionally, he assured foreign investors that these initiatives are not anti-foreign but are part of efforts to encourage more indigenes and develop their capabilities.