Government assures mining sector of stable power supply  

The government has assured mining companies of a stable power supply. This will boost productivity and support sustainable economic development.

Reliable and affordable power is crucial for mining operations. It helps avoid interruptions caused by machinery's high power dependency.

John Abudulai Jinapor, the Minister of Energy and Green Transitions, made this promise. He spoke at the opening of the 18th West African Mining and Power Exposition Conference (WAMPEX) in Accra on Wednesday.

Over 5,000 delegates and 220 exhibitors from 30 countries are attending. The theme is “Driving sustainable investment opportunities in West Africa.”

Mr. Jinapor noted that mining and energy sectors are vital for global development. Power fluctuations can impact production, safety, and profitability.

He mentioned recent reports showing stable power generation. Measures are being taken to improve transmission efficiency.

To enhance this, Mr. Jinapor approved the Electricity Company of Ghana (ECG) to add 200 new transformers in major cities. This will help transmit and distribute power effectively.

Drilling activities have begun along Ghana’s offshore basin. This is part of efforts to ensure regulatory certainty for investors in the power and petroleum sectors.

“The government is taking steps to provide predictability for investors,” he added.

Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources, emphasized rethinking traditional mining models due to climate action needs.

He highlighted that $1.2 billion in foreign direct investment last year shows increased investor confidence in Ghana’s mining sector.

“With decades of experience as Africa’s largest gold producer, we understand true wealth,” Mr. Buah said.

Michael Edem Akafia, President of the Ghana Chamber of Mines, stressed sustainability in mining operations. He highlighted the need for long-term viability without harming the environment.

He urged industry players to strengthen local participation through supply value chain development.

Mr. Akafia expressed full support for the Government’s newly created Gold Board and its successful implementation.