Ghana’s Mining Scandal: Leaked documents expose questionable gold lease approval

Ghana’s Minerals Commission is under scrutiny following revelations that Mech Resources Limited, linked to politically influential figures, was awarded a 9000-acre gold mining lease under questionable circumstances.

Leaked documents exposed fast-tracked approvals, ignored financial and technical requirements, and environmental concerns. The company, lacking industry experience, allegedly presented flawed financials, including capital expenditure errors, inconsistent revenue projections, and unrealistic payback periods.

Despite these discrepancies, the lease was approved, sparking allegations of regulatory capture and preferential treatment.

Calls for an independent inquiry and anti-corruption investigations have intensified as the scandal threatens investor confidence and Ghana’s economic stability.