Asantehene backs government’s mineral policies, says GoldBod reflects Nkrumah’s vision

The Asantehene, Otumfuo Osei Tutu II, has expressed his support for the government's mineral policies, including the formation of the Ghana Gold Board (GoldBod). Speaking at the Mining in Motion Conference, his representative, Nana Okyere Kusi Ntrama, stated that these policies help Ghana gain greater control over its mineral resources and retain more value from its gold.

The Asantehene acknowledged the controversies surrounding GoldBod but emphasized that they do not negate the direction of the government's Reset agenda. He mentioned the legacy of Ghana's first President, Dr. Kwame Nkrumah, who aimed to place the country's mineral wealth under state control, a move that included the establishment of a gold refinery in Tarkwa.

Ntrama described the efforts to secure state control over resources as a demonstration of political courage, reminiscent of Nkrumah's ambitions.

The Minister for Lands and Natural Resources, Emmanuel Armah Kofi Buah, highlighted the government's plans to reform the mining sector, which include clearer rules for investors, stronger protections for mining communities, and a stronger foundation for long-term national development. The proposed changes aim to address licensing, local participation, and community development.

The minister also discussed efforts to increase the value retained from mineral production, particularly gold, from small-scale mining. These measures involve expanding refining capacity, improving gold-testing facilities, and enhancing traceability. The reforms are part of the broader Reset agenda, aimed at ensuring Ghana maximizes benefits from its natural resources, drawing a parallel to Nkrumah's vision.