The Canadian High Commissioner to Ghana, H.E. Heather Cameron, has called on the Board of the Minerals Commission to discuss areas of co-operation and assistance in the mining sector of Ghana.
Welcoming the High Commissioner, the Board Chairman of the Minerals Commission, Mr S.K. Boafo expressed the Board’s privilege of hosting Cameron. He noted that Ghana has a long relationship with Canada and more especially, both countries being members of the Commonwealth.
According to Boafo, one of the objectives of the Board is to engage all key stakeholders in the mining industry to identify issues and subsequently facilitate government’s intervention to ensure optimal contribution from the mining industry to both investors and the country, thus, the visit by the High Commissioner is welcoming.
Boafo noted that, the Board is ready to work to achieve the President’s agenda of Ghana beyond aid and Canada being a close ally, the Board will call on her to foster collaboration and support when need be. He, on this note, called for support in building the capacity of the Minerals Commission staff so that they can deliver on the mandate for which it was set up.
On the issue of VAT on exploration, which has been a major concern for industry players, the Board Chairman assured that, they are working with relevant agencies to resolve the issue.
Already, the Minerals Commission Board has met with some key stakeholders including; the Parliamentary Select Committee on Mines and Energy, the Australian High Commissioner, Ghana Chamber of Mines, the Embassy of The Russian Federation in Ghana, the Paramount Chief of Ada Traditional area and the South African High Commissioner to Ghana.
On her part, Cameron indicated that, she is excited about the enthusiasm of the Board and what they have set out to achieve for the mining sector. She noted that, despite the positive outlook of the sector, there is the concern of Ghana’s competitiveness beyond gold and urged the Board to endeavor to focus on diversifying the sector.
She mentioned that the Toronto Stock Exchange (TSX) is the largest source of gold mining financing in the world and since junior exploration is key to Canada and Ghana alike, the High Commission will continue to explore investments in that direction into Ghana. She therefore indicated that Ghana’s relationship with the TSX is mission critical because of attraction of scarce exploration capital.
Cameron informed the Board that, she has already paid a visit to the George Grant University of Mines and Technology (GGUMaT), Tarkwa and was happy with the mining curricular being run and has therefore initiated collaboration with two Canadian Universities in the areas of Finance, Management and Environmental Science.
The High Commissioner was happy about Ghana’s participation in this year’s Predators & Developers Association of Canada (PDAC) mining investment expo in Toronto with impressive delegation from both Government and private sector. She assured that, she will endeavor to facilitate contacts with any company that shows interest in Ghana.