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Article

5 Sep 2014

Author:
Vibe Ghana

Calls for Ghana to adopt mineral revenue management law 'to ensure accountability, transparency and equitable distribution of resources'

"Government to institute mineral review management law", 4 Sep 2014: Participants at a consultative forum...[have] called on Government to institute a Mineral Revenue Management law to ensure accountability, transparency and equitable distribution of resources...[P]articipants...argued that...there was...need for a Mineral Revenue Management law to ensure transparent management of minerals resources...Dr Amin Anta, the Executive Secretary of Africa Centre for Energy Policy, said a lot of countries...spent a chunk of the revenue generated from their mineral resources on education and that had led to the greater development of those countries. He indicated that in Ghana...“Transparency in the management of mineral revenues is limited to the Extractive Industries Transparency Initiative (EITI) process”...[and] expressed the optimism that if Government listened to the proposals and implemented them, it would help address some of the major challenges in the mining sector and help improve the livelihood of the people...