• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, August 17, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Set to Revamp Mining Laws with Focus on Equity

July 23, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Ghana Set to Revamp Mining Laws with Focus on Equity

Hon. Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources

Ghana’s mining and natural resources sector is set to undergo significant legislative and structural reforms as part of the government’s broader vision to ensure equitable, sustainable, and community-driven resource management.  

This was the key message delivered by the Minister for Lands and Natural Resources, Emmanuel Armah Kofi Buah, at the Government Accountability Series held in Accra on Wednesday, July 23. 

“Since the inception of this government, President Mahama’s vision of resetting Ghana has been in full force as you all know.

“Ghanaians have appreciated the dedication and commitment of those who with the privilege of serving, including those of us at the Ministry of Lands and Natural Resources.”

Hon. Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources

Speaking on the government’s commitment to transparent governance and socioeconomic transformation, the minister noted that President Mahama’s administration has remained resolute to reform the governance of Ghana’s land and natural resources. 

RelatedPosts

Dr. Boateng Calls for Small-Scale Mining Bank to Boost Local Financing 

President Mahama Engages GCF on Boosting Climate Finance for Ghana 

Petrol, LPG Prices to Rise Slightly from August 16, Diesel to Drop – COMAC 

He emphasized that the ministry’s core mandate is to ensure the sustainable use and management of the country’s lands, forests, and mineral wealth.  

MINING SUPPORTGOLDBOD
Ghana Chamber of Mines

With oversight over ten specialized agencies, including the Minerals Commission, Lands Commission, Forestry Commission, and the Ghana Geological Survey Authority, the Ministry operates in close collaboration with other government ministries, the private sector, traditional authorities, and academic institutions. 

Hon. Buah outlined the critical importance of the mining sector to Ghana’s economy, calling it a “lifeline of millions of Ghanaians.”  

He acknowledged the country’s rich endowment of minerals such as gold, diamonds, bauxite, and iron, while also cautioning that these resources are under mounting pressure due to global trends in population growth, urbanization, and climate change. 

In light of these challenges, the minister announced a comprehensive review of Ghana’s mining laws, focusing particularly on the Minerals and Mining Act, which is currently at 85 percent completion.  

This review, he said, is being shaped by nationwide stakeholder consultations to ensure that the new legislation reflects the needs and aspirations of all Ghanaians, especially those in mining communities. 

Mining Law Overhaul Planned 

Edikan Perseuss first mining operation
Edikan Perseus’s first mining operation

Among the significant proposed changes to the Act is a drastic reduction in the duration for which prospective mining licenses can be held.  

The current framework, he said, allows some licenses to be retained in perpetuity, often delaying active operations and hindering community benefits. The revised law will set clearly defined, shorter timelines. 

The Minister also confirmed that the government plans to reduce the maximum term for mining leases from the existing thirty years to a more appropriate period, arguing that the current duration grants too much leeway without adequate accountability.  

“We cannot afford to continue with policies that give large-scale access to our minerals without clearly defined returns to the communities who host these operations.” 

Hon. Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources

Hon. Buah emphasized the government’s intent to abolish so-called development agreements and replace them with enforceable Community Development Agreements (CDAs).  

These new agreements will compel mining companies to contribute a fixed percentage of their gross mineral revenues toward development projects within host communities. This initiative, he noted, is critical to addressing the longstanding paradox of poverty in resource-rich regions. 

“For far too long, our mining communities have remained impoverished while contributing billions to our national economy.

“With the new law, a portion of what is earned from the ground must stay with the people who live on it.” 

Hon. Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources

Medium-Scale Mining Regime Proposed 

Mining Firms
Mining Firms

He also hinted at the introduction of a medium-scale mining regime, which would bridge the gap between artisanal small-scale mining and large-scale operations.  

This proposed category is intended to formalise and regulate the growing class of mid-tier operators who currently operate in legal grey zones. 

Regarding investor protections, Hon. Buah said the government is also considering scaling back the duration of stability agreements, which currently extend up to 15 years.  

These agreements, designed to lock in fiscal and regulatory terms for major investors, would be limited to capital-intensive projects where returns take longer to realise, or scrapped altogether. 

Hon. Buah reaffirmed that these reforms are driven by a commitment to redressing historical imbalances and ensuring that Ghana’s resource wealth translates into tangible progress for all.  

“Under the leadership of His Excellency President John Dramani Mahama, and with extensive stakeholder engagement that includes traditional authorities, civil society groups, academia, and government, we are committed to ensuring that the review of the act corrects the imbalances of the past and secures a brighter future for all Ghanaians.” 

Hon. Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources

As the review process nears completion, stakeholders across the country will be watching closely to see whether these reforms will mark a true turning point for Ghana’s mining communities and the broader natural resources sector. 

READ ALSO: Ghana Fire Service Records Major Progress Amid Resource Constraints 

Tags: community development agreementsEmmanuel Armah Kofi BuahGhana mineral resourcesGhana mining reformMinerals and Mining Act
Please login to join discussion
Previous Post

DopeNation Claims Genre Labels Hinder Growth

Next Post

EU Questions Zelenskyy On Ukraine’s Anti-Corruption Reforms

[mc4wp_form id="1264"]

Related Posts

Zelenskyy Pushes For Ceasefire Before Peace Deal
Europe

Zelenskyy Pushes For Ceasefire Before Peace Deal

August 17, 2025
Oliver Barker-Vormawor,
General News

Barker-Vormawor Calls Out GTEC’s Overreach on Dr. Ayensua’s Professorship

August 17, 2025
Ukrainian Parliament Approves Law To Allow Multiple Citizenship
Europe

European Leaders To Join Zelenskyy For Talks With Trump

August 17, 2025
landed property bail terms under scrutiny
General News

Bail Delays Threaten Justice 

August 17, 2025
Xandy Kamel Recounts Ordeal From Angel TV
Entertainment

Xandy Kamel Claims Greed Crashing Ghana Movies on YouTube

August 17, 2025
Ecobank Group Hails Bosquet Investments’ Entry as Key Shareholder After Nedbank Exit
Banking

Ecobank Group Hails Bosquet Investments’ Entry as Key Shareholder After Nedbank Exit

August 17, 2025
Zelenskyy Pushes For Ceasefire Before Peace Deal
Europe

Zelenskyy Pushes For Ceasefire Before Peace Deal

by Comfort AmpomaaAugust 17, 2025
Oliver Barker-Vormawor,
General News

Barker-Vormawor Calls Out GTEC’s Overreach on Dr. Ayensua’s Professorship

by Silas Kafui AssemAugust 17, 2025
Ukrainian Parliament Approves Law To Allow Multiple Citizenship
Europe

European Leaders To Join Zelenskyy For Talks With Trump

by Comfort AmpomaaAugust 17, 2025
landed property bail terms under scrutiny
General News

Bail Delays Threaten Justice 

by Lilian AhedorAugust 17, 2025
Xandy Kamel Recounts Ordeal From Angel TV
Entertainment

Xandy Kamel Claims Greed Crashing Ghana Movies on YouTube

by Esther Korantemaa OffeiAugust 17, 2025
Ecobank Group Hails Bosquet Investments’ Entry as Key Shareholder After Nedbank Exit
Banking

Ecobank Group Hails Bosquet Investments’ Entry as Key Shareholder After Nedbank Exit

by Stephen M.CAugust 17, 2025
Zelenskyy Pushes For Ceasefire Before Peace Deal
Oliver Barker-Vormawor,
Ukrainian Parliament Approves Law To Allow Multiple Citizenship
landed property bail terms under scrutiny
Xandy Kamel Recounts Ordeal From Angel TV
Ecobank Group Hails Bosquet Investments’ Entry as Key Shareholder After Nedbank Exit
[/vc_row_inner]

Recent News

  • Zelenskyy Pushes For Ceasefire Before Peace Deal
  • Barker-Vormawor Calls Out GTEC’s Overreach on Dr. Ayensua’s Professorship
  • European Leaders To Join Zelenskyy For Talks With Trump
  • Bail Delays Threaten Justice 
  • Xandy Kamel Claims Greed Crashing Ghana Movies on YouTube
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.