The Acting Chief Executive of the Minerals Commission, Isaac Andrews Tandoh, has maintained that the planned review of Ghana’s mining and minerals laws is consistent with current global practices and trends.

Tandoh was responding to concerns raised by the Ghana Chamber of Mines regarding the proposed changes to the country’s mining legislation.

According to the Chamber, the review could potentially harm the industry and hinder efforts to attract fresh capital into the sector.

At an earlier press conference, the Chamber’s CEO, Dr Ken Ashigbey, expressed several concerns about the revised mining laws. He argued that reducing the duration of mining leases from 30 years to 15 years would deter investors and weaken Ghana’s mining framework. He also called for a reduction in the Growth and Sustainability Levy for large-scale miners to make the sector more attractive.

Isaac Andrews Tandoh appointed Acting CEO of Minerals Commission

Speaking on Joy News’ PM Express, as monitored by GhanaWeb Business, Tandoh reiterated that the proposed review aligns with international trends.

“What Ghana is doing now is not out of place, as most gold-rich countries are reviewing their laws and regulations,” he said.

He also dismissed claims that the government had failed to engage mining firms in the review process.

“We have engaged them, although discussions are not yet finalised. The government is committed to ensuring that all their concerns are addressed,” he added.

SP/MA

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