{"id":120750,"date":"2026-05-26T11:49:12","date_gmt":"2026-05-26T11:49:12","guid":{"rendered":"https:\/\/sotnews.agency\/?p=120750"},"modified":"2026-05-26T11:49:12","modified_gmt":"2026-05-26T11:49:12","slug":"ghana-cannot-exploit-mineral-wealth-alone-without-foreign-investment-ken-ashigbey","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=120750","title":{"rendered":"Ghana cannot exploit mineral wealth alone without foreign investment \u2014 Ken Ashigbey"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 49 Second <\/div>\n\n <\/div>
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The Chief Executive Officer of the Ghana Chamber of Mines, Ken Ashigbey, has stressed that Ghana cannot rely solely on local capacity to fully exploit its vast mineral resources, insisting that foreign investment remains essential to unlocking the sector\u2019s full potential.<\/p>\n

He argued that the scale of Ghana\u2019s mineral deposits is too large for domestic actors alone to develop effectively, and called for a strategic approach that attracts international capital and expertise.<\/p>\n

Mr Ashigbey said Ghana\u2019s underground gold reserves are immense, describing them as running into \u201ctrillions of ounces\u201d, and noted that local capacity constraints make external partnerships unavoidable.<\/p>\n

\u201cThe thing we should bear in mind is that, beyond the things we are mining, there are six gold belts, the six trillions of ounces of gold that are sitting there and we as Ghanaians alone will not be able to do it; we still need to be able to attract some investors to come and do it,\u201d he said.<\/p>\n

He made the remarks during a high-level policy dialogue titled \u201cTo Nationalise or Transform? Rethinking Ghana\u2019s Approach to Mining, Oil and Critical Minerals\u201d<\/em>, organised by JoyNews in Accra on Tuesday, May 26.<\/p>\n

The forum brought together industry leaders, policymakers, academics and governance experts to examine Ghana\u2019s extractive sector model amid renewed debates over nationalisation and alternative approaches that combine local participation with foreign investment.<\/p>\n

Mr Ashigbey\u2019s comments come amid growing national discussions about how best to manage Ghana\u2019s natural resources, with some advocating full nationalisation while others support hybrid models that leverage external financing and technical expertise alongside domestic involvement.<\/p>\n

Ghana has been a gold-producing country for over a century and also possesses significant deposits of bauxite and manganese. About 15 years ago, it entered the oil production era following the start of commercial crude production from the Jubilee Field in December 2010.<\/p>\n

Attention is now increasingly shifting towards lithium and other critical minerals as Ghana positions itself within the global energy transition and rising demand for battery-related resources.<\/p>\n

Mr Ashigbey\u2019s remarks highlight the ongoing policy tension between resource sovereignty and the practical need for international partnerships in a capital-intensive and technologically complex industry.<\/p>\n<\/p>\n<\/div>\n

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The Chief Executive Officer of the Ghana Chamber of Mines, Ken Ashigbey, has emphasised that Ghana cannot, in practical terms, rely solely on local capacity to fully exploit its vast mineral wealth, arguing instead for a strategic opening up of the sector to international 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":[18308,18309,3818,1883,117,10,9,1887],"tags":[],"class_list":["post-120750","post","type-post","status-publish","format-standard","hentry","category-gold-mining","category-ken-ashiegbey","category-minerals","category-national","category-news","category-politics","category-popular","category-top-story"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120750","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=120750"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120750\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}