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April 11, 2026
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Gomashie urges President Mahama: appoint independent transaction adviser on Damang deal
Money
Policy
Opportunity
Growth
Key Points
- Policy analyst Wisdom Gomashie has urged President Mahama to appoint an independent transaction adviser for the Damang mine takeover.
- The adviser would review the selection of Engineers & Planners (E&P), a company linked to the president’s brother, to ensure transparency and value for money.
- Gomashie cautioned the Minerals Commission against actions that could undermine local firms or create perceptions of political patronage, advocating for a level playing field.
- He recommended incorporating a community development fund into the Damang deal, similar to the Ewoyaa Lithium Project, to allocate revenues to local communities.
- Gomashie advised careful management of increased Ghanaian participation to avoid deterring foreign investors and stressed the importance of due diligence for financial institutions financing such deals.
Why This Matters
This article is significant for Ghana as it addresses critical issues of transparency, good governance, and local participation in the vital mining sector. The recommendations aim to ensure fair dealings, prevent state capture, protect local businesses, and guarantee community benefits, all while balancing investor confidence and accountability in major resource transactions.
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TAGG calls for industrial action over Publican Ai Implementation
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