President Nana Addo Dankwa Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said, the mining industry is a catalyst for Africa’s economic transformation and the prosperity of its people.
He stated emphatically that it was not right that Africa, with its humongous mineral fortune that was sought after by the world, should remain inhabited by the poorest people on the globe.
The President stated this when he addressed the 2019 edition of the Investing in African Mining Indaba, the world’s largest mining investment conference, at Cape Town in South Africa on Tuesday.
He noted that though African countries had not leveraged on their best endeavors to negotiate fair deals with multinationals who mined their resources, it was time the continent benefitted sufficiently from the exploitation of its resources for sustainable growth and socio-economic development.
He stressed, today Africa had come of age, and should not have to give unusual tax and royalty incentives, and mining companies should not expect to make extraordinary profits on the continent.
The President told the gathering that the re-opening of the AngloGold Ashanti mine in Obuasi on January 22, 2019, was done under an agreement “that balanced more fairly the interests of the two sides, that is the Government of Ghana and AngloGold Ashanti.
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