'30 years is enough', Minerals Commission as gov't shuts door on Damang lease renewal

Isaac Andrews Tandoh is the Deputy CEO of Ghana’s Minerals Commission. He advocates for greater Ghanaian control over mineral wealth.

On April 17, he spoke on Joy News’ PM Express Business Edition. He stated that 30-year mining leases should not become permanent. These arrangements can deprive Ghanaians of true ownership.

Tandoh noted that there hasn’t been a policy for nationalization in Ghana. This is different from Burkina Faso and Mali. Instead, he supports indigenization to ensure Ghanaians benefit from resources.

His comments follow the government’s takeover of Gold Fields’ Damang mine. The company rejected a bid to renew its mining lease. The Ministry of Lands and Natural Resources confirmed this decision on Wednesday.

Tandoh defended the government's move, stating open-ended concessions are over. He emphasized that agreements cannot last forever. A 30-year lease should not mean business as usual after it ends.

He criticized neo-colonial agreements, saying they cannot continue indefinitely. While Ghana welcomes foreign investment, it must be fair and include an exit strategy.

“We support investment,” Tandoh said, “but fairness is essential.” If companies have made profits over decades, discussions about value for Ghanaians are necessary.

The commission aims to balance investment with national interest. Tandoh believes Ghanaians should see real benefits in jobs and infrastructure.

He indicated that the Damang case will not be the last one addressed. The commission is reviewing all expiring leases carefully. They will engage those who provide value but act if Ghanaians are not getting their due.

Tandoh's message was clear: “30 years is enough.”