Australian Government and ACET partner on local content in mining

Accra, 23 June 2015 – Key representatives of Government, civil society organisations, mining communities, and industry gathered in Accra today to discuss the governance around local content policies for Ghana’s mining sector. The dialogue is the third in a series of dialogues on Mining Governance, supported by the Australian Government in partnership with the African Centre for Economic Transformation (ACET).

The Australian High Commission’s First Secretary Development Cooperation, Ms Zabeta Moutafis, opened the dialogue at La Palm Beach Hotel. “The purpose of this dialogue is to bring together key stakeholders and policy-makers to discuss and build consensus around the complex issues concerning local content in Ghana. The extractives sector has a key role to play in transforming and developing Ghana into the future,” Ms Moutafis said.

With substantial expertise in both mining and development, Australia is well-placed to support African countries that wish to overcome the challenges and reap the benefits of a growing mining sector.

Today’s dialogue discussed issues such as: designing local content policies that balance the investment objectives of mining companies with national development goals; reconciling local content policies in mining with regional cooperation initiatives; and the promotion of domestic economic linkages whilst achieving trade competitiveness.

Case studies and a discussion paper were presented to the group by Dr Toni Aubynn, Chief Executive Officer of the Ghana Minerals Commission, and were followed by a discussion moderated by Mr Benjamin Aryee, Mining Advisor from the Ministry of Land and Natural Resources. Discussions highlighted both the challenges and opportunities presented by Ghana’s current framework on local content, with case studies presenting examples of best practices in the region and globally. The discussion looked at what tangible opportunities could be provided for local communities and businesses to buy into the mining value chain.

Over 150 participants have been involved in the dialogue sessions to date, representing a wide range of stakeholders in Ghana. This final dialogue also included a discussion on options for establishing an ongoing, sustainable dialogue in Ghana to keep the dialogue and debate alive.

The African Centre for Economic Transformation is an economic policy institute supporting Africa’s long-term growth through transformation. ACET’s mission is to promote policy and institutional reforms for sustained and economic growth throughout Africa, so that African countries can drive their own growth and transformation agendas.

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