Civil society groups are preparing for a campaign to compel government to adopt measures to ensure proper management of mining revenue for the benefit of ordinary Ghanaians.
Affiliates are unhappy proceeds from the industry are going into recurrent expenditure, instead investment for posterity.
Chairman of the Civil Society Platform on Oil and Gas, Dr. Steve Manteaw, says Ghana needs clear-cut guidelines on appropriation of such resources in the national budget. He spoke to Nhyira Fm on the sidelines of the Ghana Extractive Industries Transparency Initiative workshop in Kumasi.
Dr. Manteaw insists such policy will help improve the lot, especially, of mining communities who suffer unduly from effects of mining.
“Mineral revenues are very volatile in nature and that is the major lesson we learnt in mining and which going into the oil sector, we put in place measures like the Petroleum Stabilization Fund and also the Heritage Fund. The Heritage Fund in particular addresses inter-generational interest in the resource. We would want to see similar arrangements in mining,” Dr. Manteaw stressed.
The Ghana Extractive Industries Transparency Initiative (GHEITI) is aimed at increasing transparency and accountability in the receipt and utilization of payments and revenues generated by the extractive industry.
Dr. Manteaw who is also co-chair of GHEITI, wants citizens to have opportunity to track such funds as is the case with the oil sector.
“We want to see clearly stated areas for spending mining revenues so that we are able to track and ensure that mining revenues are spent on projects that will inure to the benefits of the citizens,” Dr. Manteaw emphasized.
Deputy Ashanti Regional Minister, Samuel Yaw Adusei in his address, asked stakeholders to pay more attention to environmental pollution, among other challenges confronting mining communities.
He also wants total participation of citizenry in the decision making process and commended the Ghana Extractive Industries Transparency Initiative.
“Initiatives like the GHEITI which seek to provide opportunity for public disclosure of revenues by both the extractive companies and government, help to complement existing structures of good governance and transparency in the country,” Mr. Adusei said.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Ghanaian youth unaware of their right to hold politicians accountable – Youth Bridge Foundation
4 mins -
Judge delays Trump sentencing for a third time
20 mins -
2024 WAFCON: Ghana drawn against defending champions South Africa in Group C
49 mins -
Photos from DW-JoyNews street debate on ‘galamsey’
2 hours -
Mimmy Yeboah: Blending heritage with global sophistication, confidence redefined through couture
2 hours -
Akufo-Addo commissions 97-km Tema-Mpakadan railway line
2 hours -
Majority requests recall of Parliament
3 hours -
Kanzlsperger and Professor Quartey support WAFA with medical Donation
3 hours -
Gideon Boako donates 10 industrial sewing machines to Yamfo Technical Institute
3 hours -
‘Golden Boy’ Abdul Karim Razak honored at WAFU-B general assembly
3 hours -
Buipewura Jinapor secures Vice Presidential position in National House of Chiefs with record votes
3 hours -
2024 election: I want results to come out like ‘milk and honey’ – Toobu
3 hours -
Ghana’s Henry Bukari hands over chairmanship of ECOWAS Brown Card Council of Bureaux
3 hours -
Residents of Dome-Kwabenya on edge ahead of December elections
4 hours -
Moffy drops new single ‘Wo’, blending culture and modernity
4 hours