PIAC chair calls for transparency *In extractive sector

 

CHAIRMAN of the Public Interest and Accountability Committee (PIAC), Dr. Steve Manteaw Yaw, has called on the Ghana Chamber of Mines to put in place measures to ensure that mining activities become a win-win situation for government, the people in mining affected communities and mining companies.

 

According to him, it was important for the mining companies to ensure openness, transparency and accountability in the processes leading to how they pay royalties and compensations to the people in their mining host communities.

 

He stressed that transparency and accountability in the mining sector were very important, adding that they would go a long way to ensure that the government and the people in the mining host communities fully benefit from their natural mineral resources.

 

Giving a solidarity message at the 91st Annual General Meeting of the Ghana Chamber of Mines held in Accra on Friday, June 14, 2019 Dr Manteaw urged the Chamber to continue to impress upon its members and partners to deepening their openness and disclosure of how much revenue and profit they generated from the natural resources they mined.

 

“Most of the times what l described as unreasonable expectations from the people in the mining host communities are lack of adequate information from the extracting and managing the natural mineral resources the mining companies produced,” he noted.

 

According to him, for the people in the mining communities, their interest was to know about how much royalties come to them from the mining companies after the companies mined their natural mineral resources on their lands.

 

He opined that these expectations were better managed if the people in the host communities got to know how much income and revenue were generated by mining companies operating in their communities.

 

In this vain, Dr Manteaw stressed the need for transparent and accountability in the mining sector to clear the doubt over the figures on gold production that the people in the host communities and government receive from mining companies.

 

He was hopeful that the decision of the Chamber will improve openness, transparency and accountability within Ghana’s private mining industry players.

 

 

Story: Freeman KORYEKPOR AWLESU

Writer’s email: freeman.koryekpor@todaygh.com

 

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