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Mining Must Make Africa Rich Not Poor – Ghana’s President - Politics (2) - Nairaland

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Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Nobody: 5:11pm On Feb 08, 2019
MiningNG:
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/

This guy can speak better English than the Queen herself, but they are usually empty words.
As for the lifeless one, he remains lifeless.
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by OBTMOS(m): 6:48pm On Feb 08, 2019
skallion7:
You've no point
what is the exchange rate between naira and cedi, let's begin from they
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by Charly68: 7:17pm On Feb 08, 2019
Voodooism is the bane of Africans palava ,the leaders activate terrible curses due to their involvement in idolatry. Evey good is therefore turning to a curse in the land..form Naija to Congo to Cameroon to Guinea to Central Africa no difference
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by skallion7(m): 8:26pm On Feb 08, 2019
OBTMOS:
what is the exchange rate between naira and cedi, let's begin from they
cedi only has face value than naira but has a better purchasing power than cedi. All Ghana was redominanate their currency. NEXT!!!!
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by musicwriter(m): 10:46pm On Feb 08, 2019
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.

Until you African leaders understand that we're still being colonized and the predicament you're complaining about is part and parcel of our continued colonization today, and it was set up right from the days of slavery- from the days of chattered royal European companies that came to explore Africa in the 17th century.

After the so-called end of colonialism, those chattered companies went legitimate and diversified as Anglogold and the rest. Even here in Nigeria, the original slave companies are still here- From the chattered Royal Niger company to Lever brothers to UAC to Cadbury to Unilever to First bank to John Holt to SCOA to CFAO, etc, are all slave trading companies that diversified and went legitimate at the so called end of colonialism. This's something nobody talks about cause its supposed to be a taboo. Taboo!!. Blasphemy!!.

In order to be free, we must destroy the existing slave structure and create a new economic structure. The easiest way to take control is to go back to our language, education, religion. This's the only way to take control of ourselves, economy and detach from the old slave system in the long run.

We can't have freedom and wealth without destroying the existing structure.

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Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by GeneralShepherd(m): 6:08am On Feb 09, 2019
Africa should be given back to white people. We are useless
Re: Mining Must Make Africa Rich Not Poor – Ghana’s President by fri531: 5:56pm On Feb 10, 2019
Fixed match

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