The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has reiterated that the Government of Ghana has no blanket policy of nationalization mining assets, stressing that decisions in the extractive sector are handled on a case-by-case basis.
Speaking to journalists on the sidelines of a breakfast meeting organised by the Ghana Chamber of Mines in collaboration with the Ministry in Accra on Monday, 25 May, the Minister said government’s approach is guided by individual circumstances rather than a general policy directive.
“The Government of Ghana, as I was saying, has dealt with all issues that have come up—including Damang—on a case-by-case basis. The Government of Ghana has not fashioned out a blanket policy of nationalizing anything. Rather, we deal with issues on a case-by-case basis. Our goal is to empower Ghanaians in the industry and help build Ghanaian capacity,” he said.
His remarks come amid ongoing public debate over mining leases, including calls by the Institute of Economic Affairs (IEA) for government to rescind its decision to renew Gold Fields’ Tarkwa Mine lease when it expires in 2027.
The Minister, however, maintained that government’s priority remains strengthening local participation in the sector while ensuring investor confidence and regulatory compliance.
He added that engagements within the extractive industry continue, particularly around emerging policy areas such as green minerals, including lithium.
