NATIONAL MINING POLICY READY BY: JAMES DEKU The Minister for lands and natural resources, Mike Hammah has disclosed that the draft national mining policy which seeks to ensure that mining results a win-win situation for government, local communities and investors is being finalized for cabinet consideration. The Minister who revealed this at the maiden national mining forum organized last week in Accra indicated that this intervention by the ministry is to ensure that mining contributes sustainably to Ghana’s development efforts. He stressed that to complement the mining policy, specific and targeted policies are being initiated to promote diversification of minerals development with greater potential for linkages with other sectors of the economy. He cited the successful implementation of the Extractive Industries Transparency Initiative (EITI), through the publication of revenue flows from the sector as creating an environment for the public to pose the right questions to the companies operating in their communities and government at both the local and central levels. The chairman of the national development planning commission, P.V Obeng in his address indicated that the sector despite it generates budgetary revenue to finance national budget for development, it has also brought in its wake some disturbing ill-effects. He cited the tensions between the operators and the ordinary people in the local communities, community members accusing their chiefs or leaders of squandering royal payments among others as disturbing ill-effects. He however indicated that the effectiveness with which mineral resources are managed for sustainable national development depends on how responsive the provisions of the minerals/mining laws are.
NATIONAL MINING POLICY READY
BY: JAMES DEKU
The Minister for lands and natural resources, Mike Hammah has disclosed that the draft national mining policy which seeks to ensure that mining results a win-win situation for government, local communities and investors is being finalized for cabinet consideration.
The Minister who revealed this at the maiden national mining forum organized last week in Accra indicated that this intervention by the ministry is to ensure that mining contributes sustainably to Ghana’s development efforts.
He stressed that to complement the mining policy, specific and targeted policies are being initiated to promote diversification of minerals development with greater potential for linkages with other sectors of the economy.
He cited the successful implementation of the Extractive Industries Transparency Initiative (EITI), through the publication of revenue flows from the sector as creating an environment for the public to pose the right questions to the companies operating in their communities and government at both the local and central levels.
The chairman of the national development planning commission, P.V Obeng in his address indicated that the sector despite it generates budgetary revenue to finance national budget for development, it has also brought in its wake some disturbing ill-effects.
He cited the tensions between the operators and the ordinary people in the local communities, community members accusing their chiefs or leaders of squandering royal payments among others as disturbing ill-effects.
He however indicated that the effectiveness with which mineral resources are managed for sustainable national development depends on how responsive the provisions of the minerals/mining laws are.
BY: JAMES DEKU
The Minister for lands and natural resources, Mike Hammah has disclosed that the draft national mining policy which seeks to ensure that mining results a win-win situation for government, local communities and investors is being finalized for cabinet consideration.
The Minister who revealed this at the maiden national mining forum organized last week in Accra indicated that this intervention by the ministry is to ensure that mining contributes sustainably to Ghana’s development efforts.
He stressed that to complement the mining policy, specific and targeted policies are being initiated to promote diversification of minerals development with greater potential for linkages with other sectors of the economy.
He cited the successful implementation of the Extractive Industries Transparency Initiative (EITI), through the publication of revenue flows from the sector as creating an environment for the public to pose the right questions to the companies operating in their communities and government at both the local and central levels.
The chairman of the national development planning commission, P.V Obeng in his address indicated that the sector despite it generates budgetary revenue to finance national budget for development, it has also brought in its wake some disturbing ill-effects.
He cited the tensions between the operators and the ordinary people in the local communities, community members accusing their chiefs or leaders of squandering royal payments among others as disturbing ill-effects.
He however indicated that the effectiveness with which mineral resources are managed for sustainable national development depends on how responsive the provisions of the minerals/mining laws are.
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