ACEP cautions against the Takeover of Damang Mines

The Africa Centre for Energy Policy (ACEP) has issued a stern warning to the government regarding the takeover of the Damang mines. ACEP is calling upon the authorities to exercise caution and reevaluate their stance on renewing mining agreements as per Ghana’s stringent laws governing gold mining practices.

Benjamin Boakye, the dynamic Executive Director of ACEP, emphasized that the mining agreements in place mandate the government to carefully assess the risks involved when renewing mining licenses. Boakye highlighted that unless there are substantial breaches or unresolved environmental concerns, the renewal of mining agreements should proceed without interference.

Key Concerns Raised

One of the primary grievances raised by ACEP pertains to the alleged misinterpretation of the laws by the Minister. ACEP argues that certain justifications, such as reserve estimation, are being erroneously utilized as grounds for the government to seize control of mining assets. Such reasons, ACEP claims, do not hold legal weight for non-renewal under the current laws.

National Interest at Stake

Boakye underscored the paramount importance of safeguarding national interests and adhering to prescribed procedures to cultivate a conducive environment for prospective investors. It is imperative, according to ACEP, that the government prioritizes transparency and accountability to uphold the collective welfare of the populace.

A Clarion Call for Action

ACEP is resolutely urging the government to steer negotiations back on course and reevaluate their interpretation of national interest to prevent the misapplication of laws for vested interests. With impending exploration activities on the horizon, ACEP emphasizes the critical need for swift and judicious action, with a strong emphasis on safeguarding the nation’s best interests.

Source: Philip Antoh || The New Republic