Need For Government To Increase Allocation Of Mining Royalties Reiterated

The Ghana Chamber of Mines has reiterated the need for government to increase the allocation of mining royalties to the district assemblies to enable them to undertake significant projects for the benefit of people in mining communities. 

The Public Affairs and Environmental Director of the Chamber, Ahmed Nantogmah, said this at an Oil, Gas and Mining Course sponsored by the Natural Resource Governance Institute and Penplusbytes for selected journalists in Accra.

He observed that the present ten percent of the total royalties government allocates to mining communities is inadequate. 

He suggested that the communities’ share be increased to thirty percent and tied to specific projects. 

Mr Nantogmah called on regulators to ensure responsible mining by eliminating illegal mining. 

The Africa Regional Social Responsibility Manager of Newmont, Emmanuel Ato Aubynn, said the biggest challenge of the Company presently is how to strategize to survive, in what he termed the turbulent period of the industry. 

GBC