The Tarkwa mine debate in Ghana illustrates how decisions about natural resource ownership can significantly impact national economic development, with the choice between foreign mining companies and local ownership potentially determining how resource wealth benefits the nation's citizens and future generations.
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Ghana’s Gold, Ghana’s Future: Why the Tarkwa Decision MattersAdded:
What is the plan of the government of Ghana when it comes to gold fields mines interaqua? I really want to know when are they able to give us that information because once that information is given us we understand the direction the government is moving so that we know how to go about it. Mr. President, your excellency John Drammani Mahama what is your standpoint on goldfields mines in Taqua? We would like to know because the business is profitable. The mind has made plans for our gold. But what is our plan for our gold? We would like to know this because the man has gone ahead and talked about how much investment and equipment they will have to reinvest and all the logistics that will have to go into it.
And then I asked myself this with whose money will they do all of that? Ladies and gentlemen, where do you think all that kind of capital investment will come from? All that he's talking about, where will it come from? It is going to come from the same profitable business they are doing making billions of dollars in profit from Ghana. It is not coming from outside of it. It is out of the billions of dollars profit they have made from our country that they will buy all these equipments and do all these movements in order to make profit off of us again for the next 20 years. So what what is going on here ladies and gentlemen? The first investment they made was just about it. Now the business is able to run itself. The rest is all profit. They are just lifting bars of gold out of our country, making profit every single day. We are barely making ends meet in this country. Everything is so tight for people yet the gold is sitting there and foreigners are having a field day with it. And we don't know what our president is saying and nobody's telling us the direction they are going to take. And so this white guy is so confident of telling us how sure he is. They are going to approve of his lease old so he can go back and have an additional 20 years and possibly more than
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