ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

It’s time for Ghanaians to own gold mines – President Mahama

Tue, Jul 8 2025 11:48 AM
in Ghana General News, News
its time for ghanaians to own gold mines president mahama
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
Screenshot 2025 06 18 at 6.03.38 AM

President John Dramani Mahama has issued a clarion call for Ghanaians to take full ownership of the country’s rich gold mining industry, emphasising that the time is ripe for Ghana to fully benefit from its abundant natural resources.

He made this remark less than 24 hours after his brother, Ibrahim Mahama, acquired the Black Volta Gold Project, a gold mine, using his Engineers & Planners (E&P) firm.

The ECOWAS Bank for Investment and Development (EBID) provided the $100 million financing needed for the deal, placing Mr Mahama among the few elites to own a gold mine.

Speaking at the inauguration of the Gold Board task force entrusted to deal with illegal gold trading, President Mahama acknowledged Ghana’s wealth of natural resources but highlighted the historic challenges that have prevented the nation from harnessing this wealth for the benefit of its people.

President Mahama underscored Ghana’s commitment to making its people the primary beneficiaries of its natural wealth.

“We are discovering new minerals, and Ghanaians must be the first beneficiaries of these blessings,” he declared. “Gold is just one example.”

ReadAbout

Contractor resumes work on Ofankor-Pokuase road – Alhassan Suhuyini

UNICEF emphasises the importance of identifying every child

Sam George reaffirms stance on LGBTQ+, demands swift parliamentary action

He made a bold declaration: “The time has come for Ghanaians to own gold mines—to produce gold for export and ensure that the wealth generated benefits the nation directly.”

“For centuries, Ghana has been blessed bountifully with natural resources,” he said, “but we lacked the human capital, the financial resources, and the technology needed to develop them effectively.”

He referred to this historic exploitation as the “Guggisberg system”, explaining that “foreign companies equipped with capital, technology, and expertise controlled mining operations for decades, with very little coming back to the state.”

“If we are to create lasting prosperity for our people, then Ghana must take greater control over its natural resources,” President Mahama stressed. “This is not only Ghana’s journey; many countries are now asserting sovereignty over their resources.”

The President pointed to Botswana as a shining example of effective resource management.

“In Botswana, it is a crime to export a single diamond without state approval.

Together with its foreign partners, Botswana exports diamonds on the international market—and the revenues flow directly back to the country,” he noted.

“This has not been the case with Ghana’s gold or other mineral resources,” he lamented. “But that is about to change.”

To realise this vision, the government will work closely with Ghanaian companies that possess the necessary equipment, technology, and capital to establish world-class gold mining operations.

“We will support and collaborate with Ghanaian firms to develop first-class mines and bring about sustainable economic growth,” President Mahama affirmed.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Contractor resumes work on Ofankor-Pokuase road – Alhassan Suhuyini

Contractor resumes work on Ofankor-Pokuase road – Alhassan Suhuyini

0
Sports Minister inspects abandoned Nyinahin Youth Resource Centre, vows completion

Sports Minister inspects abandoned Nyinahin Youth Resource Centre, vows completion

0

UNICEF emphasises the importance of identifying every child

Sam George reaffirms stance on LGBTQ+, demands swift parliamentary action

Checks strengthened before road contract payments – Alhassan Suhuyini

Cybervergent selected as World Economic Forum’s 2025 technology pioneer company

Ghana issues first ITMOs under Paris agreement  

Inflation to end 2025 at 11.3%, July inflation to fall to 12.7% – Report

I don’t see why I should avoid people coming close to me as a celebrity – Kalybos

Ghana records 7 more Mpox cases; total now 170

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • We slept in the same bed, but Ken Ofori-Atta’s legacy betrayed our hope – Frank Adu Jnr

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.