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Mining Must Make Africa Rich Not Poor – Ghana’s President - Politics - Nairaland

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Mining Must Make Africa Rich Not Poor – Ghana’s President by MiningNG: 3:10pm On Feb 08
Ghana’s President has said that Africa must enrich itself from its natural resources.

Nana Akufo-Addo said the countries on the continent must consider adding value to its natural resources.

He added that African countries must also negotiate well with mining companies.

Ghana’s President, Nana Addo Dankwa Akufo-Addo has said that Africa’s mining industry must enable the economic transformation of countries on the continent instead of make them poor.

He was speaking at the 2019 edition of the Investing in African Mining Indaba, the world’s largest mining investment conference.

Nana Akufo-Addo said that it is not right for Africa to be inhabited by the poorest people in the world even though the continent is so rich in minerals that are sought after by the world.

He said that some factors which have led to this situation include the poor negotiation skills of African leaders. He said Africa has come of age and should not give unusual tax and royalty incentives, and mining companies should not expect to make extraordinary profits on the continent.

He, therefore, told the gathering that, on 22 January 2019, the re-opening of the AngloGold Ashanti mine in Obuasi was done under an agreement that balances more fairly the interests of the two sides, that is the Government of Ghana and AngloGold Ashanti. “As I said at the ceremony, it is my hope and expectation that, this time around, under the new management of AngloGold Ashanti, the development of Obuasi will reflect the wealth its soil produces,” he indicated.

President Akufo-Addo was of the view that since the minerals are a public resource, the negotiations between countries and companies should be transparent, accessible and easily understandable by citizens.

“Communities should be able to examine mining contracts, find out how much revenue has been generated, and how, and on what it is being spent,” he said, adding that “long and bitter experience means both sides, African governments, and mining companies, have to work hard to gain the trust of the people.”

Nana Addo said just like developed countries “mining, can help rapidly to grow Africa’s manufacturing sector, and be the champion of economic growth on the continent.”

However, he said this will not happen if Africa continues to be the place where you dig minerals that are exported in their raw form to be processed outside.

“We cannot, and should not continue to be merely exporters of raw materials to other countries. The value chain of mineral extraction has great potential for job creation, and can form an essential basis for the transformation of economies around the continent,” he added.

He concluded by saying “Africa has made the world rich with our minerals, our gemstones adorn crowns and homes around the world, it is time to make Africa prosperous and enable her people to attain a dignified standard of living. Join us in this exciting project for sustainable economic growth,” President Akufo-Addo said.

Source; https://www.miningng.com/mining-must-make-africa-rich-not-poor-ghanas-president/

5 Likes

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by phelonrays: 3:23pm On Feb 08
grin leaders like our president who rush to sign agreement without even opening it

pls let join hands to bring NANA AKUFO in de person of ATIKU and do away with this Mr integrity-my-foot

are u wit megringringrin

19 Likes

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by freemanbubble: 4:06pm On Feb 08
Okay
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by WowSweetGuy(m): 4:07pm On Feb 08
na today......say something innovative
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by OrgasmDonorxoxo: 4:07pm On Feb 08
jh
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Fuckadict(m): 4:07pm On Feb 08
Rich
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Yerdley1009: 4:08pm On Feb 08
cool
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by OsuGanja(m): 4:08pm On Feb 08
If you don’t want you Children and their children to suffer please vote for SOWORE

4 Likes

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Brazzaville(m): 4:09pm On Feb 08
.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by lordatkinson07: 4:11pm On Feb 08
Yes, Africa mines but the continent does not determine the price of the extracted materials.
Until Africa learn to mine and process the raw materials into finished goods. The richness in question will continue to be a mirage.

13 Likes

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by OBTMOS(m): 4:12pm On Feb 08
Ghana pass Nigeria na
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by ednut1(m): 4:12pm On Feb 08
Africans dont determine the price. So it wont make us rich

1 Like

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by grandstar(m): 4:13pm On Feb 08
phelonrays:
grin leaders like our president who rush to sign agreement without even opening it

pls let join hands to bring NANA AKUFO in de person of ATIKU and do away with this Mr integrity-my-foot

are u wit megringringrin

Fayemi I believed improved the fortunes of the mining sector. His appointment I believe was good for the sector
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by MrSix: 4:14pm On Feb 08
But governance would make Africa poor.




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Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by chinavs9ja(m): 4:15pm On Feb 08
Yes, president ruling a whole nation must be intelligent not dullard!

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Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by ceeceeco(m): 4:15pm On Feb 08
Sometimes I wonder what's the meaning of this compulsory 8(eight) years rule in this country. I believe four years is enough for an incumbent to give way for another. Voting in a new candidate or the incumbent should be the choice of the masses and not the Incumbent him/herself, depending on his/her(Incumbent) performance.

1 Like

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by verah07: 4:15pm On Feb 08
Good say though
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by IMASTEX: 4:20pm On Feb 08
But crude oil is the only thing they see
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by benn94(m): 4:23pm On Feb 08
Hope the don't mean skull mining? Ogun has the highest IGR in Nigeria

1 Like

Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by DigitalBot: 4:23pm On Feb 08
We are in need of dynamic leaders in this country.

God help us.


Check my signature and learn something new.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by omoteacher(m): 4:23pm On Feb 08
shocked shocked shocked



Africa ain't poor, it's the few people that have access to the wealth but refused to use them for her development. Instead they prefer to embezzled the common wealth and be tagged multi billionaire. Leaving the continent as where poverty reigns.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by OkaNaUbe(m): 4:28pm On Feb 08
It is enriching just African Politicians while the masses suffer.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by J0nyb0y(m): 4:34pm On Feb 08
Way to go

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Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by FukkaFuka: 4:36pm On Feb 08
cheesy
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by ClearFlair: 4:36pm On Feb 08
That’s if greedy people like PDP don’t divert all the revenue into their private accounts.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by skallion7(m): 4:50pm On Feb 08
OBTMOS:
Ghana pass Nigeria na
You've no point
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by skallion7(m): 4:51pm On Feb 08
ednut1:
Africans dont determine the price. So it wont make us rich
sensible comment unlike someone up there who wrote Ghana pass Nigeria na. #senseless statement
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Austine567(m): 4:57pm On Feb 08
when I heard the word mining, you can guess what comes to my mind, if you know you know

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