{"id":162752,"date":"2024-03-18T11:32:28","date_gmt":"2024-03-18T11:32:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/18\/steven-ackah-advocates-for-exploration-fund-to-unlock-ghanas-mineral-wealth\/"},"modified":"2024-03-18T11:32:28","modified_gmt":"2024-03-18T11:32:28","slug":"steven-ackah-advocates-for-exploration-fund-to-unlock-ghanas-mineral-wealth","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/18\/steven-ackah-advocates-for-exploration-fund-to-unlock-ghanas-mineral-wealth\/","title":{"rendered":"Steven Ackah advocates for exploration fund to unlock Ghana&#8217;s mineral wealth"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Steven Blessing Ackah, the Executive Director of Monaco International Investment Forum (MIIF), has urged Africa, particularly Ghana, to establish an exploration fund to unlock the full potential of its mineral wealth.<\/p>\n<p>Mr. Ackah, speaking during the MIIF event on Friday, March 15, 2024, in Monaco, pointed out that despite Ghana\u2019s rich mineral resources and long mining history, local participation in the mining sector has been limited.<\/p>\n<p>Mr. Ackah proposed the creation of an exploration fund to encourage local individuals and entities to engage in exploration activities actively.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1029453 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-18-at-10.31.25-AM-1-e1710754530435.jpeg\" alt=\"\" width=\"960\" height=\"872\"  \/><\/p>\n<p>He explained that the fund would act as a financial catalyst, attracting both local and international investors to participate in exploration ventures.<\/p>\n<p>According to Ackah, the fund would be particularly important for attracting investment in new critical minerals. Exploration companies, he said, increasingly prefer to invest in national funds to share risks and equity.<\/p>\n<p>However, Mr. Ackah stressed that the success of the fund hinges on a strong government commitment to creating a conducive regulatory environment.<\/p>\n<p>He called for clear policies, transparent licensing processes, and stringent environmental safeguards to attract investors and ensure responsible mining practices.<\/p>\n<p>\u201cThe establishment of an exploration fund in Africa should be accompanied by a strong commitment from the government to create a conducive regulatory environment. Clear policies, transparent licensing processes, and stringent environmental safeguards are essential components to attract both local and international investors to participate in exploration activities.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1029452 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-18-at-10.31.25-AM-2-e1710754585627.jpeg\" alt=\"\" width=\"721\" height=\"567\"  \/><\/p>\n<p>Despite highlighting challenges such as financial constraints, technological gaps, and environmental responsibilities, Mr. Ackah emphasized Ghana\u2019s potential to lead in sustainable mining practices by promoting local participation and embracing technological advancements.<\/p>\n<p>\u201cGhana can position itself as a leader in responsible and sustainable mining practices by fostering local participation, mitigating risks, and embracing technological advancements. The commitment to invest in exploration activities addresses historical challenges and paves the way for a more inclusive and prosperous mining industry that benefits all stakeholders.\u201d<\/p>\n<p>\u00a0<\/p>\n<p><strong>\u2014\u2014\u2014\u2014\u2014-<\/strong><\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Steven Blessing Ackah, the Executive Director of Monaco International Investment Forum (MIIF), has urged Africa, particularly Ghana, to establish an exploration fund to unlock the full potential of its mineral wealth. Mr. Ackah, speaking during the MIIF event on Friday, March 15, 2024, in Monaco, pointed out that despite Ghana\u2019s rich mineral resources and long [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":162753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-162752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steven Ackah advocates for exploration fund to unlock Ghana&#039;s mineral wealth - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/03\/18\/steven-ackah-advocates-for-exploration-fund-to-unlock-ghanas-mineral-wealth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steven Ackah advocates for exploration fund to unlock Ghana&#039;s mineral wealth - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Steven Blessing Ackah, the Executive Director of Monaco International Investment Forum (MIIF), has urged Africa, particularly Ghana, to establish an exploration fund to unlock the full potential of its mineral wealth. 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