Mining Reforms Must Protect Jobs, Investment and Community Interests — Ghana Chamber of Mines

The Ghana Chamber of Mines has urged for ongoing dialogue and careful consideration when implementing mining sector reforms, emphasizing the need to protect jobs, investments, and the industry's competitiveness. Ahmed Dasana Nantogmah, the Chamber's Chief Operating Officer, noted recent concerns from workers and host communities, highlighting the significance of consultation and a balanced approach in mining policy and regulatory decisions.

These concerns emerged following protests by mineworkers at Akyem Abirem over a directive to switch certain mining operations from owner to contract mining, raising questions about job security, wages, and benefits.

Nantogmah acknowledged the government's commitment to increasing local participation in Ghana's mining industry, deeming it an essential national goal the Chamber supports. He stressed that while local participation is vital, it must be executed without compromising existing jobs, safety, operational efficiency, and the industry's competitiveness. Meaningful consultations among regulators, mining companies, employees, and other stakeholders are necessary to achieve policy objectives without negative economic repercussions.

The Chamber's COO commented on the Gold Fields Ghana's Tarkwa mining leases renewal, recognizing the host communities' desire for tangible improvements in their livelihoods. He stressed that investors must also have confidence in the fairness and consistency of their rights and obligations. Nantogmah advocated for constructive engagement with traditional authorities and stakeholders while ensuring decisions on mineral rights are based on transparent, predictable, and lawful procedures.

Recent regulatory developments involving Adamus Resources and Northern Ashanti Mines were also discussed, emphasizing the importance of ongoing dialogue to address such matters. Nantogmah commended the Minerals Commission and the Ministry of Lands and Natural Resources for their responsibility in enforcing mining laws and encouraged constructive dialogue to resolve regulatory concerns, preserving investor confidence and safeguarding Ghana's mining industry.

He pointed to the recent operational and financial results of Galiano Gold and AngloGold Ashanti as evidence of the industry's ability to sustain production and attract further investment, contingent on a stable operating environment, access to capital, and a competitive fiscal and regulatory framework. Nantogmah reiterated the Chamber's commitment to collaborating with government, regulators, organized labor, traditional authorities, and other stakeholders to enhance Ghana's appeal as a competitive and responsible mining investment destination.