The Vice-Presidential candidate of the ruling New Patriotic Party (NPP), Dr. Matthew Opoku Prempeh, has unveiled a plan aimed at supporting the youth in mining communities through the provision of small-scale mining setup loans if the NPP retains power in the upcoming elections. Dr. Prempeh emphasized the significance of this initiative in promoting the adoption of international best practices among miners to safeguard the environment and water bodies.
During a mini rally held in the Odotobri Constituency, a prominent mining district in the Ashanti Region, the Manhyia South MP underscored the challenges faced by many individuals engaged in illegal mining activities, commonly known as “galamsey,”due to their limited financial capabilities. “There are policies governing mining, but because the youth lack the funds, they can’t adopt the best practices, which is why they engage in galamsey. Some foreigners, including Chinese and Indians, are taking advantage of this, pushing them to mine illegally and then purchasing the gold. Others are also sponsoring illegal mining. But if the government provides loans to these community members, the narrative will change,” he stated
To address these issues, Dr. Prempeh proposed that “The government itself will offer loans to the miners and buy the gold from them directly. We will not sell the gold to foreigners in the local market. This will enable the government to raise enough funds for the day-to-day running of the country.”
The Vice-Presidential candidate expressed optimism regarding the potential outcomes of this project, foreseeing job creation, reduced unemployment rates, and economic growth within mining communities.
Furthermore, Dr. Prempeh emphasized that “The mining communities will benefit financially from this project, leading to development and job creation. Traditional leaders (Nananom) will also receive their fair share.” Through this holistic approach, Dr. Prempeh envisions a transformation in the mining sector that not only enhances economic opportunities but also fosters sustainable practices and community empowerment.
