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President John Dramani Mahama has set an ambitious target for Ghana: by 2030, the nation aims to end the export of raw mineral ores. This initiative is part of a broader strategy to expand domestic processing, promote industrialization, and create jobs. Addressing the 2026 Mining in Motion Conference, President Mahama outlined the Government’s comprehensive plans to enhance value addition in the mining and minerals sector.
President Mahama emphasized the importance of utilizing Ghana’s abundant natural resources, such as bauxite, manganese, iron, lithium, and diamonds, to support local processing and manufacturing. Rather than exporting these resources in their unprocessed forms, Ghana seeks to develop a robust domestic industry.
To achieve this, the Government will implement a phased prohibition on the export of unprocessed mineral ores. This will be supported by essential legal measures, mineral-specific requirements, and clearly defined implementation timelines. The policy aims to ensure that Ghana derives greater economic benefits from its mineral wealth through domestic refining and the production of finished and semi-finished goods.
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President Mahama acknowledged that this transition requires significant investment in infrastructure, technical skills, energy, and financing to make domestic mineral processing competitive. The Government intends to create favorable conditions for businesses to establish and expand processing facilities within the country.
Encouraging private-sector involvement and support from development finance institutions will be crucial. The President highlighted that public investment must be disciplined, with major initiatives guided by clearly defined responsibilities and measurable outcomes.
A key component of the Government’s strategy is the modernization of the Volta Aluminium Company (VALCO) and the development of domestic aluminium refining. This will strengthen the value chain from bauxite mining and smelting to the manufacture of finished aluminium products.
Efforts to develop the iron and steel industry will build on existing manufacturing capacity, providing materials for the construction, transport, and mining sectors. This initiative aims to position Ghana as a competitive player in the African market.
The Government’s broader agenda encompasses a 24-hour economy that coordinates production and services, expanding industrial output and creating employment opportunities. The ultimate goal is to transform Ghana’s mineral wealth into a stronger industrial base, fostering local businesses, technology development, and skilled employment.
The reforms will be implemented in phases, considering the specific requirements of different minerals and the investments needed to establish sustainable domestic processing capacity. Success will hinge on effective implementation, adequate infrastructure, access to capital, and a predictable regulatory environment that encourages investment while advancing national development objectives.
These proposed measures are integral to Ghana’s broader industrialization agenda. By retaining more value from its natural resources and strengthening domestic manufacturing, Ghana aims to increase the mining sector’s contribution to economic transformation, setting a path toward a prosperous and self-sufficient future.
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