A mineral economist at the Minerals Commission, Mr. Wisdom Puplampu, has proposed a hybrid financing model as the most practical strategy to enhance local participation and bolster indigenous mining companies in Ghana. This call comes amid ongoing discussions about strengthening the nation’s involvement in its own resource extraction industries.
Context of Local Content and Capital Markets
Ghana’s existing local content regulations permit mining firms to raise capital through listings on the Ghana Stock Exchange. However, this avenue alone is insufficient to meet the substantial financing needs of large-scale mining operations.
Mr. Puplampu highlighted this limitation during a JoyBusiness Roundtable discussion on May 26, focusing on rethinking Ghana’s approach to gold mining, oil, and critical minerals. He stated,
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