The Ghana Chamber of Mines has highlighted the importance of maintaining stable and predictable policies within the mining sector, noting that consistency remains crucial to attracting long-term investment and ensuring sustainable growth.
The call was made at the 11th Ghana Mining Industry Awards (GMIA), held at the Mövenpick Hotel in Accra.
Speaking at the event, the President of the Chamber, Mr. Michael Edem Akafia, said Ghana has reached a pivotal stage in the development of its mining industry, shaped by intense global competition, rising public expectations, and the need to strengthen investor confidence.
He explained that frequent shifts in regulatory and fiscal frameworks present serious challenges for mining companies, particularly given the long-term nature of their investments.
“Mining investments are capital-intensive, high-risk, and multi-decade in nature,” he stated, calling on government to ensure a policy environment that is consistent, transparent, and balanced in a way that advances national priorities while supporting business growth.
Mr. Akafia also urged authorities to adopt a measured and equitable approach to the proposed sliding-scale royalty system, cautioning that excessively burdensome arrangements could discourage investment and slow the sector’s expansion.
