Ghana isn’t Burkina Faso or Mali – Minerals Commission CEO clarifies mining policy

Andrews Tandoh, the CEO of Ghana’s Minerals Commission, denied claims of nationalization in the mining sector. He stated that the government aims for a fair deal from natural resources.

In a recent interview with Joy News, Tandoh said, “There hasn’t been a policy for nationalization. We are not Burkina Faso or Mali. We support foreign investment but seek indigenization.” He emphasized that some agreements cannot last forever.

Tandoh argued that while foreign investors are welcome, contracts must reflect current realities. “If you’ve had a lease for 30 years, it cannot be business as usual,” he noted. He criticized outdated agreements as neo-colonial.

The government's focus is on fairness and inclusion, not exclusion. “This is about Ghana,” he explained. The goal is to ensure communities benefit from local resources.

Tandoh assured that the process is thoughtful and strategic. “We are evaluating everything to protect Ghana’s future,” he said. Genuine investors welcome fairness but fear instability.

He believes Ghana is not rejecting investors; instead, it offers a sustainable engagement model. “We provide structure, fairness, and a clear growth plan,” he added. This approach is deliberate and aimed at benefiting Ghanaians.