• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 24, 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

Parliament to Hold Special Hearings on Extractive Industries to Drive Job Creation 

Prince Agyapongby Prince Agyapong
October 22, 2025
Reading Time: 6 mins read
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Parliament of Ghana

Parliament of Ghana

Ghana’s Parliament is set to open a new chapter of legislative scrutiny on the country’s extractive industries with a series of special hearings aimed at evaluating their true contribution to national development and job creation.  

The initiative, announced by Majority Leader and Leader of Government Business, Hon. Mahama Ayariga, marks a major step toward deepening accountability, strengthening local content enforcement, and aligning the extractive sector with Ghana’s employment and growth objectives. 

Speaking as the House reconvened for the Third Meeting of the First Session of the Ninth Parliament, Hon. Ayariga revealed that the hearings will focus on assessing how effectively Ghana’s natural resource wealth particularly in mining, oil, and gas is being harnessed to benefit citizens. 

RelatedPosts

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi

Bosomtwe DCE Summons Traditional Leaders over Galamsey

“We propose to hold a special parliamentary hearing on the extractive industries with a view to exploring their impact on beneficial national economic development, overall benefit to the country, and in particular, the extent to which local content legislation are being enforced to create jobs for Ghanaians and promote local ownership.” 

Hon. Mahama Ayariga, Majority Leader and Leader of Government Business

The hearings, he explained, are designed to go beyond surface-level reporting to provide a comprehensive review of how extractive operations have influenced key sectors of the economy. 

The objective, he noted, is to ensure that Ghana’s natural resources serve as engines of inclusive growth and sustainable livelihoods, not mere sources of export revenue. 

Youth Employment at the Core of the Agenda 

Hon. Mahama Ayariga, Majority Leader and Leader of Government Business
Hon. Mahama Ayariga, Majority Leader and Leader of Government Business

ADVERTISEMENT

Job creation, according to Mr. Ayariga, remains Parliament’s foremost policy priority as unemployment continues to dominate public concern particularly among the youth, who represent 38 percent of the population and 60 percent of the national labour force. 

“Every sector of our economy has a job creation potential, and our debates and deliberations in this meeting will focus on how this Parliament will hold sector heads accountable for ensuring that those jobs are indeed created to the benefit of Ghanaian youth.” 

Hon. Mahama Ayariga, Majority Leader and Leader of Government Business

He underscored that while the extractive industries have historically been among Ghana’s largest foreign exchange earners, their contribution to domestic job creation and local enterprise development has remained minimal due to weak enforcement of local content regulations and over-reliance on foreign contractors. 

The Majority Leader said, “This special hearing is meant to provide an honest appraisal of how the mining, oil, and gas sectors can be repositioned to create sustainable jobs and spur economic growth,” stressing that Parliament would insist on measurable progress in employment outcomes across these industries. 

Accountability and Oversight to Drive Reform 

image1
Women In Mining

Hon. Ayariga announced that sector committees of Parliament will be directed to conduct field assessments, public hearings, and stakeholder consultations to evaluate the effectiveness of government job creation programmes and local participation frameworks in key industries. 

 These findings will inform policy recommendations and potential legislative reforms aimed at enhancing national value retention. 

“We will continue to demand performance and delivery of promises made in our manifesto. 

“The overwhelmingly NDC majority will not treat our counterparts in the executive with kid gloves.” 

Hon. Mahama Ayariga, Majority Leader and Leader of Government Business

The Majority Leader reaffirmed Parliament’s commitment to exercising its oversight function vigorously, noting that government appointees and sector regulators will be required to demonstrate clear accountability for how their policies and projects contribute to employment generation and inclusive development. 

Hon. Ayariga further disclosed that Parliament will work closely with key regulatory institutions, including the Minerals Commission and the Environmental Protection Agency (EPA), to improve transparency in the award of mining and exploration licenses and to intensify the fight against illegal mining, known locally as galamsey. 

The Majority Leader noted that galamsey continues to undermine legitimate mining operations, devastate farmlands, and pollute vital water sources challenges that Parliament is determined to confront through legislative action and stronger institutional collaboration. 

Part of a Broader Economic Reform Agenda 

Hon. Mahama Ayariga, Majority Leader and Leader of Government Business
Hon. Mahama Ayariga, Majority Leader and Leader of Government Business

The upcoming extractive industry hearings form part of Parliament’s broader RESET Agenda, an initiative designed to realign natural resource governance with sustainable job creation, responsible investment, and inclusive economic growth.  

The hearings are expected to feature testimonies from ministers, industry regulators, and private sector operators, creating a platform for evidence-based policy evaluation and reform. 

The Majority Leader added that the RESET Agenda also aims to foster greater inter-sectoral cooperation between Parliament, industry regulators, and civil society to promote transparency and shared accountability in managing extractive resources. 

As the House prepares to consider the 2026 national budget, Hon. Ayariga urged Members of Parliament to devote full attention to the legislative and policy agenda ahead, which he described as “weighty and transformative.”  

He stressed that employment, economic oversight, and social equity will remain central themes in parliamentary deliberations throughout the session. 

Hon. Ayariga expressed optimism that the upcoming hearings will strengthen Parliament’s leadership in shaping a more accountable and development-oriented extractive industry, one that balances economic growth with social inclusion and environmental responsibility.  

READ ALSO: BoG’s $1.15bn FX Injection Sparks Clash with IMF and World Bank Over Cedi Stabilization 

Tags: EPAExtractive IndustriesGalamseyGhana EconomyGhana ParliamentJob creationLocal contentMahama Ayarigaminerals commissionminingoil and gas
Please login to join discussion
Previous Post

Sheikh Aremeyaw Criticizes Ghana’s Minerals Deals

Next Post

Vance Warns Of Challenges Ahead in Rebuilding Gaza

Subscription Form

Related Posts

Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

October 24, 2025
Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi
Extractives/Energy

Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi

October 24, 2025
Bosomtwe DCE Summons Traditional Leaders over Galamsey
Extractives/Energy

Bosomtwe DCE Summons Traditional Leaders over Galamsey

October 24, 2025
Lands Minister Touts Ghana’s Gold and Critical Mineral Potential to Investors 
Extractives/Energy

Government Terminates 278 Small-Scale Mining Licenses 

October 24, 2025
Restoring Water Bodies Remains Priority – Lands Minister
Extractives/Energy

Restoring Water Bodies Remains Priority – Lands Minister

October 23, 2025
Energy Minister, GECA Collaborate
Extractives/Energy

Energy Minister Engages Electrical Contractors on Safety and Regulatory Reform 

October 23, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

by Prince AgyapongOctober 24, 2025
Japanese Prime Minister Sanae Takaichi.
Asia

Takaichi Expresses Japan’s Need For Foreign Workers “Who Follow The Rules”

by Comfort AmpomaaOctober 24, 2025
former First Lady Nana Konadu Agyeman-Rawlings
General News

Ghana Mourns Former First Lady Nana Konadu Agyeman-Rawlings

by evansjrOctober 24, 2025
Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi
Extractives/Energy

Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi

by Bless Banir YarayeOctober 24, 2025
Finance Ministry Consults, Ahead of 2026 Budget Reading
Economy

Finance Ministry Consults, Ahead of 2026 Budget Reading

by Michael Teye-Bio NaduteyOctober 24, 2025
Bosomtwe DCE Summons Traditional Leaders over Galamsey
Extractives/Energy

Bosomtwe DCE Summons Traditional Leaders over Galamsey

by Bless Banir YarayeOctober 24, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Japanese Prime Minister Sanae Takaichi.
former First Lady Nana Konadu Agyeman-Rawlings
Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi
Finance Ministry Consults, Ahead of 2026 Budget Reading
Bosomtwe DCE Summons Traditional Leaders over Galamsey

Recent News

Mining consultant Ing. Wisdom Edem Gomashie

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

October 24, 2025
Japanese Prime Minister Sanae Takaichi.

Takaichi Expresses Japan’s Need For Foreign Workers “Who Follow The Rules”

October 24, 2025
former First Lady Nana Konadu Agyeman-Rawlings

Ghana Mourns Former First Lady Nana Konadu Agyeman-Rawlings

October 24, 2025
Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi

Revoking 300 Licenses Not Sufficient to End Galamsey – Prof. Boadi

October 24, 2025
Finance Ministry Consults, Ahead of 2026 Budget Reading

Finance Ministry Consults, Ahead of 2026 Budget Reading

October 24, 2025
Bosomtwe DCE Summons Traditional Leaders over Galamsey

Bosomtwe DCE Summons Traditional Leaders over Galamsey

October 24, 2025
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address
Go to mobile version