Accra:President John Dramani Mahama announced that Ghana plans to cease exporting raw mineral ores by 2030, opting to process them locally to enhance job creation and stimulate economic growth.
According to Ghana Web, President Mahama unveiled this goal during the Mining in Motion 2026 Summit. He emphasized the government's intention to implement legal measures, set requirements, and establish timelines to achieve this aim.
For generations, Ghana has focused on exporting raw minerals, while other nations have gained from the employment, skills, and technological advancements tied to processing these resources. President Mahama stressed the need to alter this longstanding pattern to promote skilled employment and technological learning within the country.
The government aims to upgrade the Volta Aluminium Company (VALCO) and establish facilities for processing bauxite into alumina, the precursor for aluminium production. Additionally, Ghana seeks to enhance local manganese processing and expand its iron and steel industry.
President Mahama highlighted that achieving this target would require more than legislative measures. The country must ensure reliable and affordable electricity, efficient transport infrastructure, predictable business regulations, and expedited approval processes to support industrial growth. Training institutions also have a crucial role in equipping workers with the necessary skills for these industries.
Furthermore, the government's 24-hour economy program is expected to bolster manufacturing, transportation, and related services, potentially creating more employment opportunities. Ghana's ban on the export of iron scrap and non-ferrous metals is part of the broader strategy to retain more value from its natural resources.