President John Dramani Mahama has announced a bold new policy direction aimed at empowering Ghanaian-owned companies to build and operate modern gold mines across the country.
Delivering remarks at the inauguration of the Gold Board Taskforce, President Mahama emphasized that Ghana’s vast mineral wealth must be harnessed in ways that prioritize local ownership, build national capacity, and ensure sustainable development.
“It is time to change the narrative. Ghanaian companies must not only participate as subcontractors or service providers—they must lead in building and running modern, efficient, and environmentally responsible gold mining operations,” the President said.
The new policy will involve providing technical support, facilitating access to long-term financing, and reforming regulatory frameworks to support credible local investors in the mining sector.
President Mahama stated that the government, through the Gold Board, will develop strategic partnerships between Ghanaian firms, universities, and global institutions to ensure that local companies are equipped with the technology and expertise required.
“The days of Ghana exporting raw gold while foreign firms dominate upstream activities are coming to an end. We will ensure that the value chain—from extraction to processing to export—is increasingly owned and managed by Ghanaians,” he added.
This initiative is part of a broader national strategy to reclaim control over Ghana’s natural resources, create decent jobs, and generate wealth that stays within the country.
The President reiterated his administration’s commitment to responsible mining, environmental sustainability, and equitable distribution of mining benefits to local communities.
