Mining’s Role in Ghana’s Growth: CEO Urges Rethink of Revenue Allocation
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Ghana’s development has heavily relied on the mining sector, according to Ahmed Dasana Nantogmah, Acting CEO of the Ghana Chamber of Mines. Speaking on JoyNews’ PM Express Business Edition on Thursday, May 22, he stressed that the country wouldn’t be at its current level without mining.

“Without mining, Ghana wouldn’t be here today,” Nantogmah said. He pointed out that although mining towns often feel left behind, the industry provides crucial financial support to the national economy.

He noted that many overlook the work mining companies already do in local communities. “Yes, development is the state’s responsibility, but mining firms build schools, run hospitals, and support public services in several towns,” he explained.

Nantogmah highlighted a key concern — mining companies get blamed for local underdevelopment, even after they pay royalties. These funds are supposed to return to host districts for development. However, he questioned whether those funds are used as intended. “The companies pay. But are the authorities using that money to develop the communities?” he asked.

He referenced a recent study showing that 80% of mining revenue benefits go to Accra. “That’s where the money ends up, and it’s used to develop the rest of Ghana. The country is advancing because of mining,” he said.

Nantogmah urged a review of how mineral revenues are shared. “Maybe the amount going back is too small. Should we increase it or link it directly to specific projects? That’s why change is needed,” he concluded.