Gold rush in Dollar Power: Govt seeks investors for large-scale mining

The Minister for Lands and Natural Resources, Mr Samuel A. Jinapor, has called on investors to partner with the government to explore the vast gold deposits discovered in Dollar Power, a community in the Bole-Bamboi District.

Dollar Power, previously known as Sindi Community, has attracted thousands, drawn by the gold rush. However, their unregulated activities have caused environmental damage, including the destruction of boundary markers and teak trees along the international border with the Ivory Coast.

According to the Minister, the government was adopting several steps to address these issues and promote responsible mining. The measures, he said include, building infrastructure, regularising small-scale mining and encouraging large-scale mining.

“Two feeder roads, one from Ntereso and another from Sapelliga, are being built to link Dollar Power to the mainland. These highways are scheduled to be finished by mid-2024. A community mining strategy is being developed to bring order to present mining operations. The government encourages investors to create responsible and sustainable large-scale mining enterprises,” he stated.

The local community, represented by Chief Sindiwura Mahama Awudu Abott, welcomed these developments.

He said that the road construction was a boost to the community’s local economy and security and reaffirmed the community’s support for the establishment of community and large-scale mining operations.

He, however, suggested additional measures: Building a bridge across the Black Volta to boost transportation, trade and security. Restoring boundary signs and teak trees would increase border security and prevent encroachment.

“The Dollar Power gold discovery presents a significant opportunity for Ghana’s economic development. However, responsible and sustainable management is crucial to ensure benefits reach the local community and minimise environmental impact,” he said.

Geological surveys reveal significant gold reserves in the area, making it ideal for large-scale mining. The discovery challenges the traditional perception of gold being concentrated only in the south, as successful mining ventures already exist in the Upper East and Upper West regions.

Source:norvanreports