The Spokesperson for the Vice President, Dr. Gideon Boako, has stated that Dr. Mahamudu Bawumia will establish the Mineral Development Bank if he becomes President
According to him, the establishment of the Mineral Development Bank, is intended to empower players in the small scale mining sector across the country who lack the financial muscle.
Dr. Gideon Boako made this disclosure when he shed light on Aspects of Dr Mahamudu Bawumia’s Mining Policies during the Veep’s encounter with Chiefs and Elders in the Western Region as part of his campaign tour. Dr. Gideon Boako made this disclosure in an interview with Peace Fm in Accra.
He said, “Most miners are unable to access.huge capital for their mining operations after securing the small scale license which eventually compels them to sell the license to interested foreign mining investors. This is the reason why Dr. Mahamudu Bawumia will establish the Mineral Development Bank to also alleviate the challenges and frustrations which often prohibit the progress of small scale miners”.
Dr. Gideon Boako who doubles aa the NPP Parliamentart candidate for Tano North, further hinted that the presidency under his Excellency Dr. Mahamudu Bawumia will actively involve the chiefs in the day-to-day effective operations of small scale mining.
“The Chiefs and Elders in our communities especially the mining areas are the caretakers of those lands and it will be proper and in the best interest of the community to engage them during the processes of issuing mining licence to prospecting miners”, he stated.
On the issue of developing mining communities with gold royalties, Dr. Gideon Boako disclosed that Dr. Mahamudu Bawumia will ensure that a certain percentage from the royalties, is set aside for those mining communities.
His Excellency Dr. Mahamudu Bawumia is currently on a nationwide tour as part of his campaign to sell his message to Ghanaian voters ahead of the December 7th polls.
