Ghana Chamber of Mines President Calls for Minerals Revenue Management Act to Enhance Transparency
The President of the Ghana Chamber of Mines, Mr. Michael Edem Akafia, has urged the government to pass a Minerals Revenue Management Act. This call was made during the 11th Ghana Mining Industry Awards in Accra. Mr. Akafia emphasized the need for a structured framework to manage Ghana's mineral wealth, similar to existing petroleum revenue management systems. He argued that such legislation would improve transparency, accountability, and ensure sustainable use of mineral revenues for future generations. The Chamber's CEO, Ing. Dr. Kenneth Ashigbey, also praised the government's decision to remove VAT on exploration activities, which is expected to boost investment in the mining sector. However, both leaders stressed the importance of policy consistency to maintain stability for long-term investments. They also highlighted the challenges posed by illegal mining, calling for stronger enforcement measures. 
