President John Dramani Mahama has announced that his administration has begun an extensive review of Ghana’s mining laws and regulatory systems to strengthen local participation in the minerals industry and ensure that Ghanaian firms benefit more meaningfully from the nation’s mineral wealth.
Speaking at the 2026 Mining Sector Local Content Summit held at Palms by Eagle in Takoradi on Wednesday, President Mahama said the reforms are aimed at transforming the industry so that domestic companies play strategic roles beyond traditional supplier functions.
“We are reviewing and refining our mining legislation and regulatory frameworks to ensure that Ghanaian enterprises move up the mining value chain — from suppliers of consumables to manufacturers of critical components and service innovators,” President Mahama said.
The review will examine current legal structures, regulatory barriers, and investment incentives to ensure they promote local industrial growth rather than reinforcing dependence on foreign expertise and imports, he explained.
President Mahama said the government wants to see Ghanaian companies evolve into key industrial players capable of producing machinery, equipment, and technological solutions that support the sector’s needs.
The planned reforms are part of a broader economic transformation agenda intended to deepen value addition across key sectors including mining, agriculture, and manufacturing with the aim of creating jobs, retaining more revenue in Ghana, and building local technical expertise.
Empowering domestic firms within the mining ecosystem, the President noted, would contribute to sustainable industrial growth and help ensure that more of the benefits from Ghana’s natural resources are captured locally.