Takoradi: President John Dramani Mahama has reaffirmed his administration's commitment to repositioning the economy from a primary exporter of raw minerals to a competitive player across the global extractive value chain. Speaking at the Local Content Summit 2026, organised by the Minerals Commission in Takoradi, he outlined an ambitious roadmap aimed at deepening local content, accelerating industrialisation, and positioning Ghana as a technology-driven mining hub.
According to Ghana Web, President Mahama emphasized the need for Ghana to evolve from being merely a prolific producer of raw minerals to becoming a full participant in the extractive value chain. He highlighted that despite Ghana's status as Africa's leading gold producer, much of the high-value activities such as advanced engineering, processing, and refining occur outside the country. He urged stakeholders to consider the long-term legacy of Ghana's mineral wealth and to ensure it leads to world-class industries and resilient communities.
Drawing inspiration from countries like Botswana, Chile, and Indonesia, President Mahama argued that effective local content policies can foster sustainable competitiveness rather than deter investment. He stressed the importance of balancing ambitious yet practical policies that are firm and performance-based.
President Mahama called for a transformation in local content from mere procurement to forming strategic partnerships. He announced that the government is reviewing mining legislation to enhance the role of Ghanaian enterprises in the value chain, advocating for equity participation, technology transfer, and knowledge-sharing as standard practices. He also set a five-year target to cease the export of raw ores, promoting the development of refineries and industrial clusters to support downstream processing, aligning with the global green energy transition.
A key focus of President Mahama's strategy is human capital development, with plans to strengthen institutions such as the University of Mines and Technology and expand apprenticeship programs in collaboration with the mining industry. He emphasized the importance of skills in automation, robotics, and renewable energy integration.
Furthermore, the President highlighted the necessity for Ghana to position itself as a hub for digital and technology-driven mining operations. He proposed the establishment of a national mining innovation and research hub to institutionalize advancements in AI, IoT, and blockchain technology within the sector.
Chief Executive of the Minerals Commission, Isaac Andrews Tandoh, stated that the summit marks the beginning of an annual platform aimed at responsible exploitation and management of mineral resources. He warned against Ghanaians fronting for foreign businesses and announced efforts to develop a new royalty regime and review long-term leases.
Western Regional Minister Joseph Nelson emphasized the opportune timing of the summit for building a resilient, diversified, and inclusive regional economy. He stressed the evolution of local content from basic participation to high-value technical engagement and argued for measures to combat illegal mining by empowering local enterprises.
Nana Kobina Nketsia V, President of the Western Regional House of Chiefs, called for a fundamental transformation of Ghana's mining sector to benefit host communities directly. He underscored the historical significance of Western Region in Ghana's gold production and urged for policies that prioritize indigenous participation and community development.