Business News of Thursday, 3 April 2025
Source: www.ghanawebbers.com
Nana Afadzinu is the Executive Director of the West Africa Civil Society Institute (WACSI).
WACSI has called for immediate action against illegal mining, known as galamsey. They stress the need for stronger policies to protect Ghana’s natural resources. Without decisive action, Ghana risks losing its natural wealth. This wealth is vital for long-term economic stability.
At a press briefing after WACSI's 20th Anniversary launch, Dr. Afadzinu spoke about sustainable resource management. She believes this approach can reduce reliance on foreign aid. It would ensure responsible use of resources for future generations.
Dr. Afadzinu highlighted the harmful effects of galamsey on Ghana’s environment and economy. Illegal mining has destroyed water bodies and forests, eroding national wealth.
When asked about USAID's funding withdrawal from Africa, she acknowledged its importance in addressing poverty and health issues. However, she emphasized that Africa must find sustainable solutions to reduce dependency on external funding.
In 2023, USAID allocated $12.1 billion to sub-Saharan Africa for healthcare and food assistance. In 2024, it provided Ghana with around $150 million in development aid.
The issue of foreign aid dependence raises concerns about sustainability in Ghana's development efforts. Dr. Afadzinu questioned why Ghana needs such funding when it has abundant resources.
She criticized the mismanagement of these resources, which forces reliance on international assistance and makes Ghana vulnerable to external decisions.
Illegal mining remains a significant challenge in Ghana, causing environmental degradation like deforestation and water pollution. Despite government efforts, illegal mining continues due to political and economic factors.
Dr. Afadzinu stated that proper regulation could improve the situation significantly. She urged that if resources were used correctly, they could greatly benefit national development.
She called on media and civil society to promote self-reliance and accountability in resource management. A collective effort is needed to address these issues effectively.
Dr. Afadzinu stressed that Africans must take charge of their resources and hold leaders accountable to avoid dependency on Western countries.
She noted that corruption and illicit financial flows lead to significant resource loss that must be addressed urgently.
Finally, she urged the Government to take decisive action against illegal mining so that Ghana’s resources support sustainable development instead of destructive practices.