The Africa Centre for Energy Policy (ACEP) is calling on the government to suspend its planned takeover of the Damang gold mine, urging a lawful and transparent resolution to its dispute with Abosso Goldfields Limited (AGL).
The government has declined to renew AGL’s mining lease, which expires April 18, 2025, and has directed the company to halt operations and vacate the mine site.
According to Minerals Commission Deputy CEO Isaac Tandoh, AGL failed to follow due process by bypassing the Commission and directly approaching the Lands Minister on the lease matter, defying clear procedural guidelines.
But in a statement, ACEP Executive Director Benjamin Boakye urged restraint, calling for renewed dialogue and a resolution that respects both state interests and investor rights.
“ACEP calls for a halt to the planned expropriation of the Damang mine. Government must exercise restraint, reopen dialogue, and seek a legally sound resolution that protects Ghana’s credibility and long-term investment interests,” Boakye said.
He warned that an abrupt and controversial takeover could have damaging consequences for Ghana’s mining sector.
“The government must act with diligence, respect the law, and focus on long-term value. A rushed or disputed action risks sparking international legal battles, harming Ghana’s reputation, and eroding investor confidence,” he cautioned.
He also noted concerns over growing perceptions that the move is politically motivated.
“Reports and official statements already hint at a push to nationalize the mine, which sends the wrong signals to current and future investors,” he added.
ACEP emphasized that Ghana’s mining policies must be rooted in due process, consistency, and investor trust to sustain growth and global competitiveness.