Give mining leases to local companies for value addition – IEA - Ghana Business News

IEA calls for halt to foreign mining renewals, advocates local control

By Kizito CUIDJOE The Institute of Economic Affairs (IEA) has urged the government not to renew or extend any commercial mining leases held by foreign companies when they expire in the coming years, calling instead for a shift toward full local ownership of the country’s mineral resources. The policy think tank said the expiry of several major leases over the next three years presents a “golden opportunity” to reset the sector in line with the g…

Give mining leases to local companies for value addition – IEA - Ghana Business News

Dr Charles Mensa – IEA Chair Dr Charles Mensa, the Chairman of the Institute of Economic Affairs (IEA), has urged the government to reorient Ghana’s mining policy by granting leases to local companies instead of foreign firms. He noted that such a shift was critical to maximising the country’s gains from its natural resources. Dr Mensah said Ghana’s mining sector had for decades been dominated by foreign multinationals, whose operations were lar…