Minister of Lands and Natural Resources, Samuel Abu Jinapor, Promotes Extractive Industry Investment
Minister of Lands and Natural Resources, Samuel Abu Jinapor
Introduction
Minister of Lands and Natural Resources, Samuel Abu Jinapor, has expressed Ghana’s readiness to leverage its historical ties with Canada through the Canada-Africa Chamber of Business to promote investment in the extractive sector. This report highlights the Minister’s speech at the 25th Annual African Mining Breakfast and 22nd Annual Investment in African Mining Seminar held in Toronto, Canada.
Collaboration for Investment
Mr. Jinapor emphasized the importance of collaboration between Ghana and Canada in the extractive sector. He stated that the renewed relations between the two countries should focus on promoting business and trade, particularly in the extractive sector. The Minister highlighted the role of the Canada-Africa Chamber of Business and the Seminar in facilitating this collaboration.
Ghana’s Mining Architecture
Mr. Jinapor showcased Ghana’s mining architecture and encouraged potential investors to take advantage of it. He highlighted Ghana’s stable political environment, friendly mining policy climate, legislation, and fiscal framework as conducive factors for investment. The Minister emphasized the significance of minerals and mining in modern-day lives, particularly in the context of the world’s transition towards green energy.
Africa’s Unique Position
The Minister mentioned Africa’s mineral endowment and its unique position in the journey towards green energy. He expressed hope that the breakfast and seminar would strengthen the relations between Africa and Canada and encourage more businesses to invest in Africa’s mining industry. Mr. Jinapor called on African countries to utilize their mineral endowments for sustainable development, aligning with the Sustainable Development Goals (SDGs).
Ghana’s Mining Policies
Under President Akufo-Addo, the Government of Ghana is promoting three main policies within the mining industry: diversification of mineral resources, value addition, and enhancing local content and participation. These policies aim to maximize the benefits of mining for sustainable development and align with the SDGs.
Global Investment Opportunities
Mr. Peter Marrone, Chairman and CEO of Allied Gold Corporation, urged African governments to create a conducive policy framework to attract investment in the extractive industry. He emphasized that Africa’s mining industry should provide opportunities for its youthful population to benefit. Marrone also stressed the importance of keeping African countries competitive to attract investment from major mining companies globally.
Conclusion
The Minister’s speech at the African Mining Breakfast and Investment Seminar highlights Ghana’s commitment to promoting investment in the extractive sector. The collaboration between Ghana and Canada, along with the implementation of sustainable mining policies, can contribute to the achievement of the SDGs and foster sustainable development in Africa.
Latest Business News
Watch the latest edition of BizHeadlines below:
Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
The issues highlighted in the article are related to promoting investment in the extractive sector, trade and business between countries, sustainable development through mineral endowments, and creating a conducive policy framework for the extractive industry. These align with the goals of economic growth, industry development, responsible consumption, climate action, and partnerships for achieving sustainable development.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation.
- Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure.
- Target 12.2: Achieve sustainable management and efficient use of natural resources.
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning.
- Target 17.16: Enhance the global partnership for sustainable development.
The article mentions the need to promote investment in the extractive sector, develop mining infrastructure, utilize mineral endowments for sustainable development, and integrate climate change measures into policies. These correspond to the targets mentioned above.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 8.2.1: Annual growth rate of real GDP per employed person.
- Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road.
- Indicator 12.2.2: Material footprint, material footprint per capita, and material footprint per GDP.
- Indicator 13.2.1: Number of countries that have communicated the strengthening of institutional, systemic, and individual capacity-building to implement adaptation, mitigation, and technology transfer.
- Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals.
The article implies the need for measuring economic growth, infrastructure development, resource consumption, climate change adaptation, and multi-stakeholder partnerships. The indicators mentioned above can be used to measure progress towards these targets.
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation. | Indicator 8.2.1: Annual growth rate of real GDP per employed person. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure. | Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road. |
| SDG 12: Responsible Consumption and Production | Target 12.2: Achieve sustainable management and efficient use of natural resources. | Indicator 12.2.2: Material footprint, material footprint per capita, and material footprint per GDP. |
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning. | Indicator 13.2.1: Number of countries that have communicated the strengthening of institutional, systemic, and individual capacity-building to implement adaptation, mitigation, and technology transfer. |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development. | Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: ghanaweb.com
Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.
