President John Dramani Mahama has recused himself from a Cabinet meeting that considered the takeover of the Damang mine by Engineers & Planners (E&P), according to Felix Kwakye Ofosu, a spokesperson for the President. According to #JoyNews, the decision was made to avoid any potential conflict of interest, given the company’s connection to Ibrahim Mahama, the President’s brother.
The Damang mine, previously owned by Gold Fields Ghana Limited, has been a subject of interest in Ghana’s mining sector. E&P’s takeover of the mine is seen as a significant step towards increasing local participation in the country’s mining industry. The company has pledged to sustain production, invest in community development, and create employment opportunities.
Ibrahim Mahama, CEO of E&P, has stated that the takeover is part of a broader strategy to demonstrate Ghanaian companies’ capability in managing large-scale mining operations. The government has assured that the transition will not result in job losses and has emphasized its commitment to ensuring the mine’s continued operation.
The move has sparked discussions about empowering indigenous companies in Ghana’s mining sector. Advocates argue that enabling local firms like E&P to operate major mines is a step towards increasing Ghanaian participation in natural resource ownership.
Call or WhatsApp +233 20 2190 250 and share your story.
Source: Stella Sunu
