Rethinking Ghana’s resource deals: Former CJ calls for Constitutional review

Business

Rethinking Ghana’s resource deals: Former CJ calls for Constitutional review

By DL News

Published

Updated

1 min read

In a media interview in Accra, she challenged the policies governing mineral extraction and the distribution of revenue between the government and foreign investors.

Former Chief Justice Sophia Akuffo has urged a review of Ghana’s 1992 Constitution to ensure fairer agreements in the extractive industry, emphasizing that the current system leaves the country at a disadvantage.

Comparing Ghana’s recent agreements with those of other nations, she expressed concern that the country is being heavily exploited due to unfavorable contractual terms. Currently serving as a member of the Council of State, Madam Akuffo questioned why Ghana continues to enter contracts that grant foreign companies control over its natural resources, often to the nation's detriment.

In a media interview in Accra, she challenged the policies governing mineral extraction and the distribution of revenue between the government and foreign investors. Describing the existing concession agreements as highly unfavorable, she lamented Ghana’s continued reliance on outdated models that do not adequately protect the country’s interests.

Her comments were part of a broader discussion on issues the Council of State should prioritize beyond those formally presented by the President. She emphasized the need for a comprehensive policy on Ghana’s natural resources, questioning why the country repeatedly finds itself in exploitative arrangements despite owning the minerals outright.

Akuffo also highlighted the dire conditions in mining communities, where decades of resource extraction have brought little to no development for residents.

She reiterated that these concerns demand urgent attention, calling for a new approach that ensures Ghana benefits more equitably from its natural resources.

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