Skip to main content

Chamber of Mines Seeks Standardized Land Acquisition Framework for Mining Sector

 The Chamber of Mines is taking steps to develop a standardized framework for land acquisition in the mining sector.

According to Ahmed Nantogmah, Chief Operating Officer of the Chamber of Mines, the current land acquisition process is often marred by challenges and difficulties, which can drag on for a long time.

Nantogmah, in an interview after a land access consultative workshop in Accra, explained that the Chamber in collaboration with regulators and mining companies are working to develop a framework that will simplify land acquisition and compensation processes.

We thought that we bring the regulators and the mining companies into a room where we can have a framework that will make land acquisition simplified within the mining industry," he said.

land acquisition, Ghana Chamber of Mines,

Challenges in Land Acquisition

Nantogmah highlighted the challenges associated with land acquisition, including speculators and individuals negotiating for land on behalf of communities. He also noted that the lack of standardization usually leads to varying compensation rates and resettlement packages, which are usually be costly and time-consuming.

Benefits of Standardization

To streamline this, the standardized framework aims to provide clarity and transparency in land acquisition, ensuring that both mining companies and communities have a clear understanding of the process and requirements. This, in turn, will facilitate win-win negotiations and reduce the risk of disputes and litigation.

land acquisition, Ghana Chamber of Mines,

The Chamber of Mines plans to finalize the framework as soon as possible, with the goal of promoting sustainable and responsible mining practices in Ghana. By standardizing land acquisition processes, the chamber aims to reduce conflicts and ensure that mining benefits both communities and the country as a whole.

The stakeholder workshop on land access for mining was held to discuss the challenges and opportunities in the sector. The workshop, organized by the Chamber of Mines, brought together representatives from mining companies, regulators including the Tree Crop Development Authority, Land Valuation Division, and other stakeholders to share perspectives and develop solutions.

The workshop focused on the importance of land access for mining operations and the need for a standardized framework to guide the process. Participants discussed the challenges associated with land acquisition, including compensation and resettlement, and explored ways to improve the process.

land acquisition, Ghana Chamber of Mines,

The workshop also examined the regulatory framework governing land access for mining and identified areas for improvement. Participants emphasized the need for clarity and transparency in land acquisition processes, as well as the importance of community engagement and participation.

Additionally, the Chamber of Mines is working with government agencies, including the Town and Country Planning Department, to develop a framework for housing for communities that may be impacted by mining activities and needs resettlement. Nantogmah emphasized the need for collaboration to ensure that the framework is fair and effective.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...