{"id":120714,"date":"2026-05-26T12:13:47","date_gmt":"2026-05-26T12:13:47","guid":{"rendered":"https:\/\/sotnews.agency\/?p=120714"},"modified":"2026-05-26T12:13:47","modified_gmt":"2026-05-26T12:13:47","slug":"ghana-must-tie-industrialisation-targets-to-mining-contracts-ayi-owoo","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=120714","title":{"rendered":"Ghana must tie industrialisation targets to mining contracts \u2014 Ayi Owoo"},"content":{"rendered":"
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Resource and Industry Expert at Deloitte Africa, Gideon Ayi Owoo, has called on the government to establish clear and transparent policies governing the renewal of mining leases to ensure fairness for both existing operators and new investors.<\/p>\n

Speaking on the JoyBusiness Roundtable, Mr Owoo stressed that if Ghana intends to drive industrialisation through the mining sector, it must make industrialisation a mandatory condition in mining agreements and lease renewals.<\/p>\n

\u201cIf Ghana wants industrialisation, there must be a precondition in mining contracts,\u201d he stated.<\/p>\n

According to him, the government must clearly define the conditions under which mining leases would be renewed in order to reduce uncertainty within the sector.<\/p>\n

\u201cGovernment should come up with very clear guidelines and policies that say these are the conditions under which I\u2019m going to renew,\u201d he said.<\/p>\n

Mr Owoo explained that mining companies should be made aware of government expectations well in advance, particularly where industrialisation targets and local value addition are concerned.<\/p>\n

\u201cIf you want industrialisation, make it a precondition. Put it on paper. Mining companies should know the requirements well in advance,\u201d he noted.<\/p>\n

He argued that once the rules are clearly defined from the outset, companies that fail to meet the agreed conditions at the end of their lease periods should not expect renewals.<\/p>\n

\u201cIf they are unable to meet the conditions at the end of the 30 years, nobody is going to argue. Everybody will be clear,\u201d he added.<\/p>\n

Mr Owoo also cautioned that new operators who take over mining concessions often inherit the more difficult and less profitable stages of mining operations.<\/p>\n

\u201cThe difficult and low-margin parts are often what are left behind for the next operator to handle, and that creates challenges,\u201d he explained.<\/p>\n

He maintained that the national conversation should focus less on whether mines are foreign-owned or locally owned and more on developing policies that benefit Ghana regardless of ownership structure.<\/p>\n

\u201cI\u2019m nationality agnostic. I\u2019m not here for any foreign owner. We just need good policies in place so that whatever decision we take benefits both the old owner and the new owner,\u201d he stressed.<\/p>\n

Mr Owoo further advocated greater local participation in the mining industry through the stock market and domestic institutional investors.<\/p>\n

\u201cThere are a lot of domestic institutional investors. Pension schemes have a lot of money now. Can they be included?\u201d he questioned.<\/p>\n

He also underscored the need to strengthen local content policies to ensure Ghanaians derive greater value from the country\u2019s mineral resources.<\/p>\n<\/p>\n<\/div>\n

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Resource and Industry Expert of Deloitte Africa Gideon Ayi Owoo has called on government to establish clear and transparent policies governing the renewal of mining leases to ensure fairness for both existing operators and new investors.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,536,2006,15744,18297,1883,10,9],"tags":[],"class_list":["post-120714","post","type-post","status-publish","format-standard","hentry","category-business","category-ghana","category-hp-news-7","category-industralisation","category-mining-contracts","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120714"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120714\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}