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Ghana rejects gold mine lease extension, aiming to prioritize local control and reinvest profits locally.
Ghana's government has rejected the lease extension for the Damang Gold Mine, viewed by the Minerals Commission as a chance to shift control over natural resources.
Deputy CEO Isaac Tandoh sees this as a reset for the mining sector, proposing to prioritize local bids, pause new foreign contracts, and create a sovereignty fund to reinvest profits in community development.
The decision could affect foreign investment but aims to align mining with national goals and benefit the Ghanaian people.
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Ghana rechaza la extensión del contrato de arrendamiento de minas de oro, con el objetivo de priorizar el control local y reinvertir los beneficios a nivel local.