The Association of Ghana Industries (AGI) has urged the government to begin reviewing existing mining and mineral contracts to align them with President John Dramani Mahama’s proposed policy to end the export of raw mineral ores by 2030.
The call follows President Mahama’s announcement of the policy at the Accra Reset Addis Reckoning event in Addis Ababa on Saturday, February 14, which seeks to promote local processing, boost industrialisation, and create sustainable jobs across the country.
Speaking to Citi News on Monday, February 16, AGI Greater Accra Regional Chairman Tsonam Akpeloo welcomed the policy but stressed that contractual and regulatory reforms are critical to its success.
“If we are targeting 2030, the review of all agreements on our natural resources must begin now. Past agreements have securitised some of our resources for loans. This means that even if the government wants local processing, certain contracts may restrict raw materials from being processed in the country. Measures must be put in place to adjust these agreements and support the policy direction,” Akpeloo said.
He added that effective implementation could position Ghana as a regional leader in value-added mineral production, attracting foreign investment, increasing domestic output of refined minerals, and reducing reliance on raw exports.
The policy forms part of a broader push by the Mahama administration to accelerate industrialisation, create sustainable employment, and unlock greater value from Ghana’s mineral wealth.
