Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-03-08 08:19:00
Ghana’s mineral investment potential is drawing attention from investors due to its stable democracy and improving business environment. The country’s focus on value addition and the emerging green mineral market further solidifies its position as a top destination for investment, according to Lands Minister, Samuel A. Jinapor.
Jinapor highlighted the government’s efforts to promote Ghana as an ideal investment location through initiatives aimed at fostering prosperity in a fair and equitable environment for all stakeholders. One key strategy is the diversification of mineral resources, with a specific emphasis on green minerals like lithium. The government sees green minerals as a strategic component of Ghana’s metal industry and is actively seeking partnerships with the private sector for their sustainable exploitation.
Last year, Ghana’s cabinet approved a policy for the exploitation and management of green minerals, offering investment incentives and ensuring optimal return on investment. Atlantic Lithium, a company listed on the Australian and London Stock Exchanges, has been granted a mining lease to extract lithium in Ghana, pending parliamentary approval. There are significant lithium deposits across the country, presenting investment opportunities for interested parties.
Under the theme ‘Leveraging a Century of Mining to Enhance Value Addition for the Development of Ghana,’ Jinapor outlined the country’s progress towards becoming a mining hub in Africa. Initiatives such as the establishment of refineries for value addition and the creation of state agencies like the Ghana Integrated Aluminium Development Corporation and the Ghana Integrated Iron and Steel Development Corporation demonstrate Ghana’s commitment to promoting beneficiation and adding value to its mineral resources.
Another crucial aspect of Ghana’s mining policy is the promotion of local content and participation. The government aims to ensure that Ghanaians benefit from the mining industry while also safeguarding the interests of investors. By fostering a skilled workforce through credible training institutions, Ghana is not only serving its own mining sector but also contributing to global mining economies.
During a panel discussion on Ghana’s investment climate, mining investors praised the country’s rule of law, stable democracy, regulatory regime, and collaborative relationships among stakeholders. These factors, along with the expectation of fair distribution of benefits, are key drivers attracting investment to Ghana.
In conclusion, Ghana’s mineral investment landscape is characterized by a favorable climate for investors, government initiatives to promote value addition and sustainable exploitation of green minerals, and a commitment to local participation. With a focus on collaboration and mutual benefit, Ghana continues to position itself as a premier destination for mineral investment.
Read the original article on Ghanaian Times
