Investors will flee if we don’t tackle galamsey — Chamber of Mines CEO warns
The Ghana Chamber of Mines CEO, Sulemanu Koney, says solutions to the illegal mining (galamsey) crisis are attainable, but they demand strong political will and ongoing commitment.
Mr. Koney outlined a strategy to eliminate illegal mining in Ghana, emphasising the need for collaboration and effective policy enforcement.
He stressed the importance of segmenting the mining sector to tackle the unique challenges faced by both small and large-scale miners.
“As a student of marketing, I trust in segmentation. You have a problem; segment the problem,” he advised, stressing that each sector requires tailored solutions.
“Let’s look at small-scale mining, help them with proper, effective regulation, and provide technical support where necessary.”
He urged the government and stakeholders to ensure that small-scale miners receive the necessary training and resources to comply with regulations, pointing out that lack of technical expertise is one of the root causes of illegal practices.
“We need to know who is in charge of the small-scale mining operations, and we need technical experts approved by the Minerals Commission to assist with regulation,” Mr. Koney said.
Despite the challenges, Mr. Koney is optimistic about the future.
He believes that with the right political will and commitment from all stakeholders—including traditional authorities and business leaders—Ghana can finally put an end to the galamsey problem.
“If we mean well as a state, as a country, we can handle this. The solutions are very close to us,” said Mr. Koney.
“We need to be on the ground and make sure what is right is right, and what is wrong is wrong.”
He also voiced concerns about the long-term environmental impacts of galamsey and its effect on Ghana’s international reputation.
The Chamber of Mines CEO cautioned that without stricter measures, international investors could soon pull out of the country.
“Very soon, investors in large-scale mining companies who are green-conscious may pull their funds if we don’t show that we are serious about sustainability,” Mr. Koney cautioned.
He called for a more holistic approach to solving the illegal mining issue.
“We need to raise indigenous capital for small-scale mining through exploration and investment, but we can only do that if we are serious about effective regulation,” Mr. Koney stated in an interview on Joy News.