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Hon. Emmanuel Armah Kofi Buah, MP, Minister of Lands and Natural Resources, has urged investors to capitalize on the nation’s abundant mineral resources and business-friendly atmosphere.
The Hon. Minister highlighted Ghana’s position as Africa’s leading producer of gold and its prospects for mining sector growth during his remarks at the 26th Annual African Mining Breakfast and Seminar in Toronto, Canada, on Tuesday, March 4th, 2025.
He said that investors should take advantage of the new government’s business-friendly policies and that President John Dramani Mahama is committed to fostering an atmosphere that is favorable to enterprises.
“Under the leadership of His Excellency President John Dramani Mahama, we are looking to ensure that the mining industry is not only profitable but also sustainable, ensuring long-term returns for investors while creating jobs and industrialization opportunities for our people,” the Minister said.
“Ghana is a country that needs no introduction in the mining world. We are Africa’s leading gold producer and a country with a proud mining heritage dating back to 1897 and home to some of the world’s top mining firms, including Newmont, Goldfields, and AngloGold Ashanti, and we continue to attract new entrants who recognize our business-friendly environment and untapped potential. But Ghana is more than just gold.
We are a nation blessed with a wealth of natural resources, from bauxite and manganese to the recent discovery of lithium in commercial quantities—a mineral critical to the global green energy transition. With this discovery, Ghana is poised to become a key player in the global push for green energy, offering investors unprecedented opportunities in the critical minerals space and securing a spot in the future of sustainable energy.”
He highlighted Ghana’s dedication to environmentally friendly mining methods, eschewing the conventional “dig and ship” strategy in favor of a value-added one.
“Ghana is not just open for business; we are open for sustainable, mutually beneficial partnerships,” he said, highlighting the nation’s initiatives to diversify its resource base, promote domestic processing, and increase local content participation.
Therefore, he said, we cordially encourage you to join us in discovering Ghana’s mining industry’s enormous potential.
The Minister also emphasized the nation’s recent lithium discovery, which is a vital mineral for the world’s transformation to green energy.
“With this discovery, Ghana is poised to become a key player in the global push for green energy, offering investors unprecedented opportunities in the critical minerals space and securing a spot in the future of sustainable energy,” he said.
He further emphasized Ghana’s stability and resilience, making it an attractive destination for investors. “In an era where economic and political stability are even more critical for investments, Ghana stands out as a beacon of economic and democratic stability, in a region often characterized by volatility.
Our peaceful transitions of power, robust legal frameworks, and investor-friendly policies have made us a preferred destination for mining investment, consistently being ranked among the top investment destinations in Africa.
Our economy remains resilient, underpinned by strong institutions and a vibrant private sector. We are also proud to host the headquarters of the African Continental Free Trade Area (AfCFTA) in our beautiful capital city of Accra – a testament to our commitment to regional integration and economic growth and offering unparalleled access to a market of 1.2 billion people across Africa,” he noted.
Governments, investors, and business executives convened at the seminar, which was hosted in conjunction with the Prospectors and Developers Association of Canada (PDAC) Convention, to talk about the prospects and difficulties facing the mining industry in Africa.
Ghana’s involvement in the occasion demonstrates its dedication to deepening its relationship with Canada and luring foreign investment into its mining industry.
Source: newsthemegh.com