ACCRA, May 25 (Xinhua) -- The government of Ghana on Monday ruled out a blanket nationalization of the mining assets of multinational mining companies operating in the West African country.
After a meeting with the Ghana Chamber of Mines, Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah confirmed that the country does not have a policy or plan to take over the mining assets of multinational companies in a blanket manner.
Buah said the government would continue to deal with each case on its own merit as dictated by the legal and regulatory framework while pursuing the primary objective of protecting the national interest.
Buah assured the stakeholders in the mining industry that Ghana remains open to investors based on "win-win" cooperation to ensure that both the investors and the local economy reap the intended benefits.
This policy, Buah explained, is primarily aimed at ensuring a sustainable mining sector, which assures sustainable returns for investors; promoting technology transfer and expertise development; improving local content and capacity-building; and creating opportunities for local mining communities.
