President John Dramani Mahama has revealed that his administration has commenced a comprehensive review of Ghana’s mining laws and regulatory framework to strengthen local participation and ensure Ghanaian companies derive greater benefits from the country’s mineral resources.

Speaking at the 2026 Mining Sector Local Content Summit held at Palms by Eagle in Takoradi on February 18, the President said the reforms are aimed at repositioning the mining industry to enable indigenous businesses to take on more central and strategic roles.

According to him, the government intends to move Ghanaian firms beyond their current status as peripheral suppliers and support their transition into key industrial players capable of manufacturing machinery, equipment, and technological solutions for the mining sector.

He explained that the ongoing review will assess existing legal structures, regulatory constraints, and investment incentives to ensure they promote local industrial growth instead of perpetuating reliance on foreign expertise and imports.

“This government is 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 from service providers to innovators.

“We will incentivise mining firms to build local capacity, not simply purchase locally. Equity participation, technology transfer, and knowledge sharing should become standard practice rather than the exception,” the President stated.

He noted that the proposed reforms are part of a broader economic transformation agenda aimed at deepening value addition across key sectors, including mining, agriculture, and manufacturing.

President Mahama added that empowering local firms within the mining ecosystem would generate employment, retain more mineral revenue within the country, stimulate industrial growth, and enhance domestic technical expertise.