The Asantehene, Otumfuo Osei Tutu II, has urged the government to prioritise Ghanaians in the allocation of mining concessions before considering partnerships with foreign companies.
He made the appeal during a meeting with the Ministry of Lands and Natural Resources and the Minerals Commission, who presented a proposal to the Ashanti Regional House of Chiefs on the review of Ghana’s Minerals and Mining Act, 2006 (Act 703). The review aims to improve sector governance and increase the role of traditional authorities.
Speaking at the engagement on Friday, July 18, Otumfuo Osei Tutu II emphasised the need to empower local investors in the mining sector.
“We need to prioritise Ghanaians in the allocation of mining concessions. If they later choose to partner with foreign investors, that should be their decision. This approach will strengthen the local currency. Once they secure the lease, they can list on the stock exchange and raise capital to purchase equipment for mining operations here in Ghana. Don’t our young people also deserve the opportunity to invest in the stock market and earn returns?”
The Asantehene also clarified that the Minerals Commission is not at fault, explaining that while chiefs hold custodial rights over land, the minerals are vested in the state. Any change to this legal arrangement, he noted, must be handled through constitutional reform.
“The Minerals Commission is operating within the confines of the law. Any changes to the current framework must be addressed through the Constitutional Review Committee,” Otumfuo stated.
