The Presidential Candidate of the Liberal Party of Ghana (LPG), Kofi Akpaloo has outlined his vision for transforming Ghana’s mining sector by promoting responsible gold mining.
Speaking on GHOne TV, Mr Akpaloo proposed bringing together small-scale miners, known as “galamseyers,” to form a large-scale mining company.
“What we are going to do is we are going to bring all the galamseyers together and then ask them to collectively put their resources together to form huge capital to go into a large-scale mining.”
“I believe large-scale mining will enable better regulation and ensure that miners follow the right procedures.”
Mr Akpaloo estimated that with about 3.5 million people involved in galamsey, this collective effort could generate a substantial capital base.
“If each individual raises a minimum of 1,000 cedis, we could potentially gather around 3.5 billion Ghana cedis from them,” he stated.
Mr Akpaloo further emphasized the need to shift away from the traditional mindset of individual ownership in business, advocating for a model where people buy shares in collective enterprises.
“In Ghana, we tend to focus on one person owning a business but look at Newmont—it’s not owned by a single person. We need to come together, buy shares, and let our money work for us while we pursue other endeavors,” he said.
He stressed that although mining gold is essential for the country’s economy, it must be done responsibly with proper regulations and initiatives.
“Gold has to be mined, but it must be mined responsibly,” he asserted.
Source: Ghana/Starrfm.com.gh/103.5FM/Kusi Amankwaa Jessica
