The Deputy CEO of the Minerals Commission, Isaac Andrews Tandoh, has offered a firm justification for the government's decision to take over operations of the Damang gold mine, insisting that Ghana has for too long allowed mining firms to profit massively without equitable reinvestment into the local economy.
Speaking on Joy News' PM Express Business Edition, Tandoh said it was time for a shift in the country's mining governance.
He accused Gold Fields Ghana of benefitting from tax breaks and favourable fuel tariffs while reinvesting their profits outside the country. "They've been taking free cash from Ghana without actually working.
And this cannot continue.
