Asantehene Calls for Granting Large-Scale Mining Concessions to Ghanaians
The Asantehene, Otumfuo Osei Tutu II, has voiced strong support for granting large-scale mining concessions to Ghanaian entities. This call comes amid ongoing discussions about the economic benefits derived from the nation’s rich mineral resources. The Asantehene believes this shift is crucial for ensuring greater national economic prosperity and control over the financial gains from the mining industry.
Benefits of Ghanaian Ownership in Mining
Otumfuo Osei Tutu II proposes a significant change in how mining concessions are allocated. He argues that Ghanaians should be given priority access to these large-scale opportunities, mirroring the current practices that favor foreign firms. This would not only mitigate the outflow of profits through repatriation but also create significant employment opportunities within Ghana. The Asantehene specifically highlighted that giving Ghanaians the concession to operate in the Obuasi region would allow Ghanaian mining engineers to gain valuable employment in the area. This approach, he believes, would retain a larger portion of mining profits within the country, thereby boosting national development. He emphasizes that by granting concessions to Ghanaians, the country can achieve greater economic self-reliance. The model of ownership that is proposed would involve partnerships with foreign firms.
The Asantehene’s advocacy reflects a broader desire for greater Ghanaian control over the nation’s natural resources and a vision of the mining sector as a catalyst for local economic empowerment and sustainable growth.
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