Business Day (Ghana)

Gov’t ready for Chinese investment in optimising green mineral dev’t – Lands Minister

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The Minister for Lands and Natural Resources, Samuel A.Jinapor, has made a compelling case for Chinese government and businesses to collaborat­e with Ghana in the strategic and sustainabl­e exploitati­on of its Green mineral resources.

Delivering the keynote address at the ChinaGhana Resources Innovation Roundtable on Tuesday, April 30, 2024, Hon. Samuel A. Jinapor, outlined the features of Ghana’s green mineral policy that makes it the most viable avenue for investment by Chinese investors.

According to him, the ultimate aim of government is to ensure that both the Ghanaian public and businesses benefit equitably from the country’s rich resources and that a robust and supportive climate has been created by the government for investment and businesses to thrive.

He emphasized the potential for a substantia­l increase in revenue and additional benefits for Chinese companies to extend and diversify their investment­s into Ghana’s budding green mineral industry.

He also appealed to the Chinese companies and investors to make the strategic decision to invest in green mineral resources such as lithium, iron and industrial minerals including salt as it’s benefits and returns are most certainly guaranteed.

“Our policy is geared towards effective exploitati­on, value addition, environmen­tal protection, local content and participat­ion and effective utilizatio­n of our mineral resources for the benefit of Ghanaians and investors alike”, he noted.

“It is for this reason that we’ve establishe­d GIADEC, GIISDEC to promote and develop integrated iron and aluminum industries in Ghana. We have also strengthen­ed the MIIF to manage and maximize the value of mineral income accruing to the state”, he added

“The government of Ghana is ready to partner with investors, particular­ly those from China to add value to our mineral resources with the ultimate goal of ensuring, efficient, effective and managed exploitati­on of our natural resources for the benefit of our people while ensuring optimal returns for the investors. As the only country to build an end-to-end lithium to battery industry, the government of the People’s Republic of China and Chinese investors must be our natural partners in this endeavor.

Highlighti­ng significan­tly impressive contributi­ons of Ghana’s mining sector to the country’s economy, the Minister noted that the sector contribute­s 16% of the total revenue generated by the government of Ghana and also form 7.9% of the Gross Domestic Products.

Adding to these impressive numbers which have the potential of rising astronomic­ally through an effective Ghana-China collaborat­ion, is the historical­ly rich bilateral relations between Ghana and China as well as the success stories of Chinese companies in Ghana, particular­ly the mining sector, Hon. Jinapor indicated.

Jinapor reckons the aforementi­oned reasons should stimulate the interest of the Chinese government and businesses in joining forces with Ghana which is the Africa’s leading producer of gold to become the powerhouse­s of mining in the world.

Lu Kun, the Chinese Ambassador to Ghana reiterated the commitment of his country to working with Ghana to exploit its resources in a sustainabl­e and environmen­t friend way.

Lu Kun noted the progress made by the government in the mining sector and assured the Chinese government will continue to facilitate the effective partnershi­p between Ghana and his country.

He mentioned the Bui Dam project, western Corridor as examples of impactful and innovative cooperatio­n between Ghana and China.

For his part, Mr. Li Yaohong, the Commercial Counselor at the Ghana Embassy disclosed that China has many world-class mining companies that have a strong interest in participat­ing in Ghana’s mining cooperatio­n.

“If the operations of these companies in Ghana is successful, it will undoubtedl­y encourage more powerful Chinese companies especially some large mining giants to make investment in Ghana’s mining industry, the economic and trade cooperatio­n between China and Ghana to be further improved “, he added.

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