President Nana Addo Dankwa Akufo-Addo has launched three Community Mining Schemes at Egila/Gwira, Akango/Duale and Aboso, in the Evalue-Gwira and Tarkwa Nsuaem constituencies in Western Region.
The Schemes are expected to create some 2,000 jobs at Egila/Gwira and Akamgo/Duale, with some 10,000 jobs set to be created at Aboso.
Launching the schemes on Tuesday, 18th August 2020, the first day of his 2-day working visit to the region, President Akufo-Addo said the Community Mining Scheme was meant to encourage responsible small-scale mining in communities across the country in line with the Minerals and Mining Law, 2015, Act 703.
Recounting the menace wreaked by illegal mining (galamsey) across the country, prior to his assumption of office in January 2017, the President said the phenomenon led to the pollution of water bodies, the degradation of lands, the non-reclamation of degraded land, and the use of dangerous chemicals, such as mercury and cyanide, on the environment.
“I was of the view, a view shared happily by the majority of Ghanaians, that, if we allowed it to continue, we would be jeopardising both our present and our future. Our responsibility, to this end, was clear,” he said, adding that “one of the measures instituted by Government to deal with the menace of galamsey is the Community Mining Scheme.”
President Akufo-Addo said “We believe that participation by Ghanaians and, or the host communities in mining will set us, as a nation, on the journey to boost the rural economy, help rural infrastructure development, and improve livelihoods, through shared wealth. More importantly, it will enable Ghanaians to develop the capacity to take over, eventually, the operations of the minerals sector.”
In addition to launching the Community Mining Scheme at ABoso, President Akufo-Addo cut the sod for the construction of the Abosso Tailings Project, a 1 District, 1 Factory initiative, which is being established to treat and process tailings waste to produce gold doré.
Yellowtail Ltd, the enterprise promoting this initiative, will construct a state-of-the-art gold processing facility, in six months, with a total capital outlay of $12 million to ensure a steady production of gold doré.
“The benefits of this project are both environmental and economic. The project will introduce technology and safe working practices to small to medium scale underground sites, and rehabilitate contaminated sites for agricultural purposes and developments,” the President added.
The project is expected to contribute approximately US$1.35 million as royalties, and US$54,000 as small-scale mining sustainable levy to the government. Cumulatively, about $8.7 million, will be contributed as corporate tax (CIT) over the five-year period.
“I am counting on you, Nananom, to contribute to the success of these projects for the development and transformation of Abosso. The government’s determination to bring progress and prosperity to every part of our country is very much on course,” President Akufo-Addo added.
Rex Mainoo Yeboah, ISD