The government in the next few months will develop an indigenous framework to manage natural resources exploration in the country, President John Dramani Mahama has announced.
This comes on the back of government's decision not to renew Goldfields' Damang mines deal following the expiration of its 30-year lease.
Speaking at a four-day ministerial retreat in Ada on Thursday, President Mahama stressed the need for local participation in the managing of the country's natural resource to avoid capital flight.
President Mahana (fourth from right front row) with some ministers of state and dignitaries at the leadership retreat in Ada In President Mahama's view, such interventions are necessary to raise resources to develop mining communities and areas. "We had a little issue which we had resolved with one of our mining companies which lease have expired after 30 years and it was our desire to take it over and use Ghanaian expertise to be able to also explore that resource and let the benefit remain in our country. "Happily, we reached an amicable solution to work together to transition that mine to a Ghanaian ownership.
