{"id":69611,"date":"2024-03-27T08:08:00","date_gmt":"2024-03-27T08:08:00","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/why-do-so-many-ghanaians-feel-poor-md-of-ghana-stock-exchange-asks"},"modified":"2024-03-27T08:41:29","modified_gmt":"2024-03-27T08:41:29","slug":"why-do-so-many-ghanaians-feel-poor-md-of-ghana-stock-exchange-asks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/why-do-so-many-ghanaians-feel-poor-md-of-ghana-stock-exchange-asks","title":{"rendered":"Why do so many Ghanaians feel poor? \u2013 MD of Ghana Stock Exchange asks"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Managing Director of the Ghana Stock Exchange (GSE), Dr. Abena Amoah has urged leadership of the country to take ownership of its natural resources, in order to achieve the envisaged development.<\/b><\/p>\n

Speaking at the 2024 edition of the Minerals Income Investment Fund Speaker Series at the University of Mines and Technology Tarkwa, she lamented that Ghanaians have become mere caretakers of their natural resources.<\/p>\n

\u201cIt is time for Ghana to have a right to its natural resources,\u201d Dr Amoah said.<\/p>\n

The MIIF-UMaT Distinguished Speaker Series is a scholarly engagement of mining industry players or what may be referred to as a thought-leadership approach to prescribing solutions for the many challenges bedeviling mining in Ghana.<\/p>\n

Delivering the keynote address, the Dr Abena Amoah was emphatic that there is evidence of abundant wealth in the countries which have ownership of such resources.<\/p>\n

\u201cAccording to global investors, Ghana has a superior infrastructure energy, port, rails, road and we have skilled mining labour, so I ask, why do so many Ghanaians feel poor? Why do our mining communities complain they have barely benefited from the resources we live on?<\/p>\n

Why do so many of our young men feel so hopeless and their only way out is to risk their lives, and they know they are risking them, and all of ours by embarking on Illegal and dangerous mining activities that pollute our lands and water bodies?\u201d she asked.<\/p>\n

Small-scale gold mining companies to receive between US$200k and US$5m support per mine \u2013 MIIF CEO<\/p>\n

The GSE MD further queried, \u201cI ask; why have we dug and shipped out our resources for hundreds of years without no value addition? Why does the average Ghanaian feel so far removed from our most important economic sector?<\/p>\n

Why is our country so broke that we needed to secure an IMF bailout of a puny three billion dollars to be disbursed to us over three years, compared to the value of resources we sit on?Why?\u201d<\/p>\n

She stated that \u201cFrom my own research, I firmly believe the answer is because we do not own these resources. We just sit on them. Others own them. We don\u2019t own it because ownership brings influence and decision-making rights on value addition. Ownership is what is wealth not being a citizen of Ghana.\u201d<\/p>\n

Dr Amoah lamented that, \u201cWe see evidence of abundant wealth when we travel abroad to the countries that own our natural resources; the UK, Europe, North America, we see them, how developed their countries are. We see evidence of abundance of wealth in countries who own their own mineral resources. We see it in South Africa, China, Australia and the others. We see ownership of their resources and the journey to wealth creation.\u201d<\/p>\n

The theme for this year\u2019s MIIF- UMaT Distinguished Speaker Series was, \u201cMining as an asset class \u2013 the rubrics of using the stock market as a growth pole for wealth generation.\u201d<\/p>\n

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

Africa-Press – Ghana. The Managing Director of the Ghana Stock Exchange (GSE), Dr. Abena Amoah has urged leadership of the country to take ownership of its natural resources, in order to achieve the envisaged development. Speaking at the 2024 edition of the Minerals Income Investment Fund Speaker Series at the University of Mines and Technology […]<\/p>\n","protected":false},"author":84,"featured_media":69610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-69611","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":"\nWhy do so many Ghanaians feel poor? \u2013 MD of Ghana Stock Exchange asks - Ghana<\/title>\n<meta name=\"description\" content=\"The Managing Director of the Ghana Stock Exchange (GSE), Dr. Abena Amoah has urged leadership of the country to take ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/why-do-so-many-ghanaians-feel-poor-md-of-ghana-stock-exchange-asks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why do so many Ghanaians feel poor? 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