Samuel Abu Jinapor, Minister of Lands and Natural Resources, has advised African countries to make investment prospects appealing to investors while emphasizing the need of value addition in the development of their country’s mining infrastructure.
The Minister spoke on a panel at the “African Mining Indaba” conference in Cape Town, emphasizing the importance of strong infrastructure, such as a reliable rail system and electricity infrastructure, in attracting private investment to Africa.
Using Ghana as an example, he emphasized the significance of a balanced policy framework for state and investor roles, noting President Akufo-Addo’s attempts to develop an integrated aluminum industry.
The Minister emphasized the difficulty of changing government policies in several African countries, and he urged for long-term policies that benefit the continent.
He addressed Ghana’s achievement in building an automobile industry, citing a sound governmental framework linked with private sector profit goals.
To encourage universal value addition, the minister pushed for policy frameworks throughout Africa to be synchronized.
He highlighted the African Mining Vision and the cooperative efforts between Ghana and Cote d’Ivoire about cocoa pricing as instances of fruitful African cooperation.
The panelists reached a consensus over the vision of mining-induced transition from the “rich Africa with poor Africans” paradigm to “rich Africans from rich Africa”.
In order to promote sustainable mining and mineral value supply chains in Africa, the Ministerial Symposium seeks to strengthen cooperation between the public and commercial sectors.
