The Director of Communications of the New Patriotic Party (NPP), Richard Ahiagbah, has lauded the party’s flagbearer, Dr Mahamudu Bawumia’s proposal to establish a minerals development bank if he is elected president in the upcoming December 7 general elections.
Mr. Ahiagbah on his X page said the implementation of the proposal will deliver jobs for the youth and a stable cedi through increased export earnings.
Bawumia proposes Ghana beyond cocoa and gold. It is a vision to build on the unfolding 1D1F industrialization policy to diversify and enhance the productive capacity of Ghana’s economy. It will deliver jobs for the youth and a stable cedi through increased export earnings.
What… pic.twitter.com/SbnBMTkopa— Richard Ahiagbah (@RAahiagbah) May 8, 2024
Dr. Bawumia who is currently touring the country to sell his political message to the people made the pledge at the 3rd Annual Transformational Dialogue on Small-Scale Mining in Ghana at the University of Energy and Natural Resources in the Bono Region.
“We also want to, as I said, in collaboration with the relevant state institutions like MIIF, PMMC, the Bank of Ghana, the private sector and others, we want to establish a minerals development bank to finance viable local mineral projects and to mitigate foreign financing of local mining projects, which leads to heavy smuggling of the produce afterwards,” Dr Bawumia told the university community.
The NPP’s flagbearer also underscored the need for a paradigm shift in the management of Ghana’s natural resources which will formalise and license the small-scale mining sector and also ensure a “100% ownership of mining concessions by Ghanaians for newly discovered mineral reserves.”
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