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Mineworkers petition Finance Minister over GH¢380m locked-up funds, threaten strikes
August 20, 2026
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Mineworkers petition Finance Minister over GH¢380m locked-up funds, threaten strikes

Money
Policy
Growth

Key Points

  • The Ghana Mineworkers’ Union (GMWU) has petitioned the Finance Minister regarding over GH¢380 million in locked-up funds belonging to more than 19,000 mineworkers.
  • These funds, including provident funds, welfare funds, and severance packages, have been inaccessible since the Bank of Ghana's financial sector clean-up.
  • The union has engaged the Bank of Ghana on this issue since 2021 without a lasting resolution and expresses concern over recent statements suggesting no immediate government recapitalisation support.
  • GMWU warns that continued delays could trigger widespread industrial action, including demonstrations and strikes, across Ghana's mining sector.
  • Such industrial unrest could significantly impact mineral production, government revenue, investor confidence, and overall economic stability.

Why This Matters

This issue is critical for Ghana because the mining sector is a major contributor to the nation's GDP, exports, and government revenue. Widespread industrial action, as threatened, could severely disrupt mineral production, diminish investor confidence, and undermine social stability in mining communities. Furthermore, it highlights the lingering impact of unresolved legacy issues from the financial sector clean-up, which could affect the broader financial system and public trust.

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