20-year mining lease cap could deter investors – Suame MP warns
Member of Parliament for Suame and Legal Counsel for the Minority, John Darko, has raised concerns that the government’s decision to cap mining lease periods at 20 years could discourage investment in Ghana’s mining sector.
Mr Darko suggested that if government proceeds with the 20-year lease cap, it must introduce additional incentives to reassure investors and maintain Ghana’s position as a leading mining destination.
The Lands and Natural Resources Minister, Emmanuel Armah-Kofi Buah, recently announced reforms to the mining sector, including a review of mining lease tenure from 30 years to 20 years.
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