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Mining audit in the offing – Amewu

  • SOURCE: classfmonline.com | Editor
    • POSTED ON: June 5, 2018
    • CATEGORY:

    The Government of Ghana will continue to strengthen its relationship with the Chamber of Mines in order to address all the bottlenecks in the mining industry, John Peter Amewu, Minister of Lands and Natural Resources, has said.

    According to him, the Akufo-Addo-led administration is a business-friendly government and has the interest of the private sector at the core of its vision to catalyse holistic growth and development.

    Speaking at the Ghana Chamber of Mines’ Annual General Meeting (AGM) last week, on the last day of the three-day West Africa Mining and Power Conference and Exhibitions (WAMPOC/WAMPEX), Mr Amewu noted that the government has taken numerous steps to lessen the burden on the business community.

    These measures, he said, include the reduction of electricity tariffs with special concessions to mining companies to boost their operations.

    He also noted that the government is going to, among other things, conduct a mining audit and security survey of selected mining companies with the aim to designing an end-to-end security system to prevent leakages of mineral revenue.

    “Upon numerous engagements between Government and the Chamber as well as the commitment of this government to sustain the growth of the economy, government announced a reduction in electricity tariffs with special concessions to mining companies to boost their operations. Let me assure you that this government is a business-friendly government and has the interest of the private sector at the core of its vision, and, thereby catalyse holistic growth and development. We will continue to dialogue with the Chambers to find win-win solutions to the problems faced in the industry.

    “As part of measures to promote the inclusive growth of the sector, Government is in the process of instituting policy initiatives aimed at restructuring the mining sector.”

    He added that the government is going to collaborate with the Chamber “to conduct a mining audit and security survey of selected mining companies with the aim to design an end-to-end security system to transparently demonstrate the absence of, if not to prevent leakages of mineral revenue to government. In addition to boosting transparency in mining revenue, this exercise will demonstrably improve the accountability and credibility of the sector, development of a comprehensive policy and legislative instrument for local content. This will clarify government goals and help all stakeholders to come together to forge a mutually-agreed course of action.

    “Institutional restructuring of the Minerals Commission to improve the efficiency of the mineral administration process, in general and also strengthen monitoring of the small-scale sector. Multi-Sectoral Mining Integrated Project is the Government’s broad-based approach to managing the small scale mining sector which I will discuss presently.”

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