Lands Minister Woos Investors Into Extractive Sector

Ghana’s Lands and Natural Resources Minister who doubles as the Member of Parliament for Damango Constituency, Hon Samuel Abu Jinapor has coaxed investors across the globe to tab into the opportunities in Ghana’s mining sector.

He said the country has prioritised improving the business environment through regulatory reforms, to reduce bureaucracies and bottlenecks associated with doing business in Ghana.

These have led to the introduction of a Mineral Cadastral Administration System (MCAS) to improve mineral licensing administration. This System, together with the online application for mineral rights, improved access to information, and transparency in administration, has improved the ease of doing business in the mining industry in Ghana

According to him, Ghana has remained a democratic country since time immemorial and this has been creating the enabling environment for businesses to thrive, and government religiously respect the sanctity of contracts.

Peacefmonline Sampson Kwame Nyamekye reported that Hon Samuel Abu Jinapor was speaking at the Country Spotlight Session at the Prospectors and Developers Association of Canada ( PDAC) Convention held in Toronto, Canada

“Ghana, with her open society, vibrant economy, resilient democratic institutions, and where respect for individual liberties, the rule of law and the principles of democratic accountability are ingrained into her body politic, is ready for business” he added.

The lands Minister hinted that as host of the Secretariat of the African Continental Free Trade Area (AfCFTA), investors are assured of the opportunity to use Ghana as a launch-pad to reach the rest of Africa’s continental economy with its one point two billion (1.2 billion) population and to maximise profit from investments.

Hon Jinapor later touched on the natural resources the country is endowed with saying Ghana, has a long history of mining, predating the arrival of the first Europeans on the land in the fifteenth (15th) century, and for well over a hundred years, the mining sector has been the pillar of Ghana’s modern-day national economy.

He added that presently, there are some sixteen (16) large scale mining operations in the country, with fourteen (14) engaged in gold mining and the other two (2) engaged in bauxite and manganese.