{"id":67032,"date":"2024-02-19T06:30:01","date_gmt":"2024-02-19T06:30:01","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=67032"},"modified":"2024-02-19T06:01:15","modified_gmt":"2024-02-19T06:01:15","slug":"politicization-of-ghanas-mining-industry-is-a-major-setback-for-exploration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/politicization-of-ghanas-mining-industry-is-a-major-setback-for-exploration","title":{"rendered":"Politicization of Ghana\u2019s Mining Industry is a major setback for exploration"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>An Australian-based mining engineer and mineral economist, Ing. Henry Antwi has cited deep political influence as a major setback in exploring mineral resources in the Ghanaian mining sector.<\/b><\/p>\n

According to him, even though Africa has 30% of the world\u2019s mineral deposits, it remains untapped for exploration, thus contributing to pervasive poverty.<\/p>\n

Delivering a public lecture on the topic \u2018Harnessing the Transformative Power of Ghana\u2019s Mineral Wealth for Human Capital Development and Sustainable Economic Growth\u2019 at the Kwame University of Science and Technology, Ing Antwi observed that poor economic and administrative policies are major setbacks to the exploration of Ghana\u2019s mineral resources.<\/p>\n

\u201cWe need to minimize the administrative bureaucracies in granting of mining licenses, more importantly political influences in these processes. It is time Ghana considers value added tax (VAT) exemptions so that investors will be attracted to help us explore our mineral resources.<\/p>\n

\u201cWhat drives mining is exploration and as a country, our policies must be sufficiently competitive globally and we should benchmark our policies with mineral-endowed countries like Australia and Canada in order to attract investors,\u201d Ing. Antwi said.<\/p>\n

While calling for collaboration between academia and industry, Ing. Antwi decried the intermittent change of management of mineral companies and agencies when there is a change of government.<\/p>\n

\u201cAcademia, government and industry must contribute to improving the sector. More importantly, academia and Ghana Geological Survey should collaborate to compile the Atlas of mineral potential sites to attract investors.<\/p>\n

\u201cAnytime there is a change in government, the CEO is changed, the whole board is changed because some of the board members are politicians and sometimes, they lose their seats. It doesn\u2019t bring stability in policy development. CEOs should not be changed based on party colors but their competence,\u201d he said.<\/p>\n

He further lamented the lack of political will to fight the menace of illegal mining activities in Ghana.<\/p>\n

\u201cGalamsey as we call it, persists due to lack of commitment to fight the menace. If we come together as a country devoid of political colors, we can fight illegal mining\u201d, he indicated.<\/p>\n

Ing Henry Antwi challenged KNUST and other public universities to come up with programmes that will equip students with practical, innovative and technological skills to utilise emerging technologies in the mining industry.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. An Australian-based mining engineer and mineral economist, Ing. Henry Antwi has cited deep political influence as a major setback in exploring mineral resources in the Ghanaian mining sector. According to him, even though Africa has 30% of the world\u2019s mineral deposits, it remains untapped for exploration, thus contributing to pervasive poverty. Delivering […]<\/p>\n","protected":false},"author":84,"featured_media":67031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-67032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nPoliticization of Ghana\u2019s Mining Industry is a major setback for exploration - Ghana<\/title>\n<meta name=\"description\" content=\"An Australian-based mining engineer and mineral economist, Ing. 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