Mining consultant Wisdom Gomashie has called on government to adopt a measured and transparent approach to managing Ghana’s natural resources, especially in light of the recent decision to take over the Damang Mine following the expiration of Gold Fields’ lease.
Speaking on the Asaase Breakfast Show on Thursday, April 24, Gomashie noted that the government’s early handling of the situation risked creating an impression of instability and could damage the country’s international standing.
“Government’s initial handling was problematic. It gave the impression of arbitrary takeover, which could tarnish Ghana’s image internationally,” he said, referencing arbitration losses suffered by Tanzania in similar resource disputes that dented investor confidence.
Gomashie proposed a more collaborative path forward, stressing the need to engage competent indigenous companies in any future nationalisation efforts. “There are strong local players—Engineers and Planners, Rocks York International, Rabotech. Government can form consortiums with them for future nationalised ventures,” he explained.
For him, the key to sustainable development in Ghana’s mining sector lies not in abrupt takeovers but in policy consistency and legal clarity.
“Our minerals belong to all Ghanaians. If we want to nationalise, let’s build a legislative roadmap, not knee-jerk reactions. That’s how we build trust and attract sustainable investment,” Gomashie stated firmly.
