Business News of Monday, 12 August 2024
Source: www.ghanaweb.com
The Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has pledged to provide the Geological Survey Authority (GSA) with a minimum of $10 million every year.
This is a component of the NPP's initiatives to increase the benefits that Ghanaians receive from the exploration of the country's mineral reserves.
The existing approach, according to Dr. Bawumia, allows corporations to prospect for minerals through a "trial and error" procedure, which he said leads to environmental degradation.
“We intend to resource the geological survey department with at least $10 million every year to locate the minerals. This will prevent the trial-and-error process of exploring minerals that destroy the environment.”
According to Dr. Bawumia, the Geological Survey Department has pinpointed the precise locations of the minerals, and it will narrow the efforts of mineral exploration firms.
On the basis of this, his government plans to launch a community mining program that will include a support structure in order to investigate the minerals.
“We will initiate the community mining scheme and provide them with a common user facility for them to mine.” Dr. Bawumia said while campaigning in the Akwatia constituency, in a report by citinewsroom.com.
KA/EK