Ghana’s draft mining bill would allow the mines minister to require \u200cmining companies to issue the state a free special share with veto rights over key transactions, according to a copy reviewed by Reuters.<\/p>\n
The bill would also cut mining lease terms to 15 years or the projected life of the mine, whichever \u200bis shorter, from up to 30 years under current law. It would also allow the government \u200bto mandate local mineral processing and impose future restrictions on exports of unprocessed mineral \u2060concentrates.<\/p>\n
Africa’s top gold producer has been pursuing reforms aimed at increasing mining revenues and boosting local benefits \u200bfrom the sector. Major operators include Newmont, Gold Fields, Zijin Mining and Perseus Mining.<\/p>\n
The proposed legislation would replace the \u200bMinerals and Mining Act, 2006.<\/p>\n
FREE SPECIAL SHARE<\/strong><\/p>\n The new Minerals and Mining Bill, 2026 would preserve the state’s existing 10% free-carried interest in mining projects while giving the mines minister discretion to require a special state share with consent rights over key \u200btransactions.<\/p>\n Those transactions would include transfers of mining leases, voluntary liquidations and the disposal of significant overseas assets linked \u200bto Ghanaian operations.<\/p>\n Companies that fail to issue the share within two months could face fines of up to the cedi \u200cequivalent \u2060of $150,000, the draft showed.<\/p>\n The mines ministry, the Minerals Commission and the Ghana Chamber of Mines did not immediately respond to requests for comment.<\/p>\n One mining executive said measures including shorter lease terms and the proposed special state share had not featured in earlier industry consultations.<\/p>\n Mining companies hope the government will engage further on the bill’s \u200bmore contentious provisions before lawmakers \u200bdebate it and plan \u2060to submit their own proposals during the legislative process, the mining executive said, speaking on condition of anonymity because he was not authorised to comment publicly.<\/p>\n The bill \u200bcould be taken up when parliament resumes in October, he said.<\/p>\n Mining accounts for \u200babout 14% \u2060of Ghana’s gross domestic product and more than half of export earnings, making the sector a cornerstone of the economy.<\/p>\n The bill would allow the government to require local processing and ban exports of unprocessed mineral concentrates through future \u2060regulations, the \u200bdraft showed.<\/p>\n A transitional provision would require holders of mineral rights \u200bissued before the law takes effect to apply under the new framework when seeking renewals, while receiving priority consideration for equivalent licences, it \u200badded.<\/p>\n","protected":false},"excerpt":{"rendered":" Ghana’s draft mining bill would allow the mines minister to require \u200cmining companies to issue the state a free special share with veto rights over key transactions, according to a copy reviewed by Reuters. The bill would also cut mining lease terms to 15 years or the projected life of the mine, whichever \u200bis shorter, […]<\/p>\n","protected":false},"author":6,"featured_media":19720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":4,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2362,33,27],"tags":[158],"class_list":["post-22181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-politics","category-west-africa","tag-ghana"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=22181"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22181\/revisions"}],"predecessor-version":[{"id":22182,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22181\/revisions\/22182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/19720"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=22181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=22181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=22181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}