Dr. Frank Boateng, a lecturer at the University of Mines and Technology (UMaT), has advised Ghana to concentrate on maximizing revenue from its mineral wealth through effective partnerships and revenue-sharing agreements, rather than pursuing nationalization of the mining sector. The discussion took place during a high-level forum in Accra on Tuesday, May 26, organized by Joy Business, focusing on the future of Ghana’s extractive industries.
Rethinking Ghana’s Mining Strategy
The core of Dr. Boateng’s argument centers on Ghana’s need to derive greater value from the rents and royalties generated by its mining activities. He emphasized that the capital-intensive nature of mining makes rapid individual ownership challenging.
“What we need to do now is be able to benefit more from our rent. And also make sure that, because of the kind of capital you need to mine, if we are in a hurry to give the mining companies to individuals to run, it will be difficult to mine,” Dr. Boateng stated during the discussion titled
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