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May 26, 2026
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Ghana cannot exploit mineral wealth alone without foreign investment — Ken Ashigbey
Money
Policy
Opportunity
Growth
Key Points
- Ghana's Chamber of Mines CEO, Ken Ashigbey, asserts that Ghana cannot solely rely on local capacity to fully exploit its vast mineral resources.
- He stresses the essential role of foreign investment and expertise to unlock the sector's full potential, citing immense untapped gold reserves.
- Ashigbey argues that the scale of Ghana's mineral deposits is too large for domestic actors alone, making external partnerships unavoidable.
- These remarks were made during a high-level policy dialogue on rethinking Ghana's approach to mining amidst debates over nationalization.
- The article notes Ghana's long history in gold and oil, and its increasing focus on critical minerals like lithium for the global energy transition.
Why This Matters
This article is highly significant for Ghana as it addresses a fundamental policy tension between resource sovereignty and the practical necessity of foreign investment for economic development. The approach Ghana adopts will critically determine its ability to effectively unlock the immense value of its mineral wealth, attract necessary capital and technology, and position itself strategically within the global energy transition for sustained growth.
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