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Ghana's gold gamble: Can resource sovereignty coexist with investor confidence?
['Jonathan Clayton']
The Mail & Guardian
"The discussion is now centred on value addition and resource sovereignty," said Theophilius Kekeli Agbenezi of Ghana's Minerals Commission.
The reforms include new state-backed industrial development agencies, the creation of the Ghana Gold Board to regulate artisanal gold exports and efforts to expand domestic refining capacity.
James Wallbank, managing partner of Ibaera Capital, said his company's experience reflected broader concerns among international investors.
"The issue is that taking licences from mining companies, legal disputes and continuing uncertainty all damage the reputation of the country."
"The government has to ask, 'How do we bring international investment back for the benefit of Ghana and local communities?'"