IEA posits contracts instead of concessions for Ghana’s mining regime

Renewsgh Team
1 Min Read
Dr. Charles Mensa, Economist, IEA
The Institute of Economic Affairs (IEA) on 20th August 2025, hosted a policy roundtable on Ghana’s proposed mining law reforms.
The Minerals Commission CEO, Mr. Martin Ayisi, outlined sweeping changes to the sector, including the abolition of development agreements, capping of leases and licenses, mandatory community development agreements, and measures to enhance local participation.
Participants at the IEA RoundTable on
Participants at IEA Policy Round Table on Ghana’s proposed mining law reforms.
Stakeholders engaged in discussions and offered inputs to help shape the final amendments.
For his part, Dr. Charles Mensa, Board Chairman of the IEA advocated the government going into contractual agreements instead of handing out concession so far as mining in Ghana is concerned.
Dr. Charles Mensa, Board Chairman, IEA and Justice Sophia Akuffo, Former CJ at the IEA Policy Dialogue on Mining.
Dr. Charles Mensa, Board Chairman, IEA and Justice Sophia Akuffo, Former CJ at the IEA Policy Dialogue on Mining.

He explained that ”we see a situation where if service contract is given instead of concessions Ghana will generate enough revues to finance its own way instead of continuous borrowing from foreigners”.

Dr. Mensa’s position is that, after 67 years of independence Ghana should be well positioned as a country to, we can do things ”ourselves”.
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