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Mistrust between gov’t, companies cause of problems in mining sector – Addo Kufuor

Kwame Addo-Kufuor, President of the General Assembly of the ECOWAS Federation of Chambers of Mines (EEDCOM), has blamed the dwindling fortunes in the mining sector on the eroding trust between government and mining companies.

He lamented that the development which eventually robs the nation of the value from the sector, stressing that mistrust based on perceptions was needless as it is affecting the relationship between the two parties.

Mr. Addo-Kufuor, made these remarks at the fourth meeting of the Executive Council and General Assembly of the EFEDCOM at the Noom Hotel, Conakry, Guinea.

The meeting, which brought together members of the federation, discussed ways to improve collaboration between their respective countries. The fourth General Assembly was attended by representatives from Ghana, Mali, Guinea, Burkina Faso and Cote d’Ivoire.

Mr Addo-Kufuor asserted that while mining companies are cautioned to operate responsibly, they must ensure they collaborate with governments to deepen transparency and accountability in their operations.

He urged countries in mining to work together to generate an enabling environment for investments into the sector and also share lessons on various aspects of mining.

The EFEDCOM was established in 2016 to bring together the Chambers of Mines and Mining associations in countries within the ECOWAS sub-region to advocate for policies to promote investment in responsible mining.

 

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Source: Asempanews.com

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