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Vice President confers with Ghana Chamber of Mines

Accra, July 5, GNA – Vice President Alhaji Dr
Mahamudu Bawumia has stated that the Government would do all it can to support
mining companies operating responsibly as a means of stimulating the country’s
economic growth.

The Vice President expressed his optimism at
the positive outcome of the various fiscal policies being implemented under the
new regime to relieve businesses of the fiscal burdens in their operations.

Dr Bawumia was addressing a delegation of the
Ghana Chamber of Mines who paid a courtesy call on him at the Flagstaff House
in Accra.

The delegation, led by Mr Kwame Addo-Kufuor,
the President of the Chamber, Mr Eric Asubonteng, the 1st Vice President, and
Mr Sulemanu Koney, the Chief Executive Officer, sought to introduce the
leadership to the Vice President and to assure him of the Chamber’s unflinching
support.

Welcoming the delegation, Dr Bawumia re-echoed
the Government’s quest to support the mining industry, a major partner in the
economic development of the country.

He said the Government was inviting business
partners into various sectors to create an interrelated economy that could rely
on internally generated revenue for key developmental projects.

Dr Bawumia said the NPP Administration was
keen on ensuring that the local content drive in the industrial sectors were
strengthened and made more beneficial to local entrepreneurs and businesses,
adding there would be “the creation of linkages among the industries in the
country to bolster value for Ghanaians.”

He said there was, therefore, a need to
develop a mutually beneficial relationship between the Chamber and the
Government to ensure that the process became a reality.

On the issue of illegal mining, Dr Bawumia
expounded government’s commitment to developing the Multilateral Mining
Integrated Project (MMIP), which is a holistic approach towards tackling the
illicit activity.

He said the Government already saw the Chamber
as a key stakeholder of the MMIP.

Mr Addo-Kufuor, on his part, said it was the
Chamber’s expectation that all of the relevant ministries would demonstrate the
same resolve by the Vice President to partner with the Chamber to propel the
local content agenda and find a lasting solution to illegal mining.

Mr Sulemanu Koney, the CEO, explained how the
VAT on exploration inputs had contributed to the unattractiveness of Ghana as
the foremost mining destination in the Sub-region.

He said in recent times, most investors had
turned their attention to neighbouring West African countries due to the fiscal
reliefs presented to businesses in the mining sector and urged the Vice
President to take a look at such progressive business enabling policies.

The Vice President assured the delegation that
the issue of the country’s unattractiveness will be captured holistically in
the 2018 budget and promised to continue to work with key agencies to improve
Ghana’s image as the preferred mining and business destination on the
continent.

GNA

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