• goldcoastnewsline@gmail.com
• March 24, 2025
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• 1 minute Read

Review Ghana’s mining laws to enhance local benefits – Sophia Akuffo

Former Chief Justice and Distinguished Fellow of the Institute of Economic Affairs (IEA), Justice Sophia Akuffo, is advocating for a comprehensive review of Ghana’s mining agreements to ensure the country derives greater economic benefits from its natural resources.

She argues that the existing agreements mirror colonial-era arrangements, allowing foreign companies to reap substantial profits while Ghana earns relatively minimal returns.

Speaking at a press conference on Maximizing the Benefits of Ghana’s Natural Resources, Justice Sophia Akuffo emphasized the urgent need for policy reforms to enhance local value creation and drive economic transformation.

“There is a need to set up a small committee of about five experienced Ghanaian experts in the natural resources sector to review and recommend necessary amendments to all natural resource laws in Ghana to optimize the benefits of natural resources to the country,” the former CJ urged.

She added that the “Minerals and Mining Act, 2006 (Act 703) should contain a provision that moves the management of some mineral resources to local governments such that District Assemblies are directly involved in the management of these resources.”

Source: citinewsroom.com

• goldcoastnewsline@gmail.com
• March 24, 2025
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• 2 minutes Read

CEO of GIIF hiding in Senegal – Attorney General

The Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed that Solomon Asamoah, the former CEO of the Ghana Infrastructure Investment Fund (GIIF) and a key suspect in the Sky Train Scandal, is currently hiding in Senegal to evade prosecution.

Speaking on the status of the investigation during a press conference on Monday, March 24, Dr. Ayine disclosed that $2 million was paid for the controversial Sky Train Project at the request of Professor Christopher Ameyaw-Akumfi, then Chairman of the GIIF Board of Directors, and Solomon Asamoah.

According to the Attorney General, authorities first tracked Asamoah to South Africa after he left Ghana on February 2.

However, he later relocated to Senegal, where he has refused to return to Ghana for questioning.

“In respect of SkyTrain, we can confirm that the $2 million was paid at the request of the chairman of the Board of Directors of the Ghana Infrastructure Fund (GIIF), Professor Christopher Ameyaw-Akumfi, and then CEO, Solomon Asamoah who is currently hiding in Senegal. We tracked him first and noticed that he was in South Africa. So, he left Ghana on February 2, to South Africa.

“We were monitoring him there, and then he left, and he is now in Senegal. When we contacted him, he told us that he would not come to Ghana until three months from now.

“So we are patiently waiting for him. If he wants to be tried in absentia, that is his choice to make. But we have the prosecutorial authority to prosecute him in absentia. The person who acted with him to transfer that money, Prof Akumfi is in the country. So, if there is going to be a delay, we will start the prosecution with him being a suspect who is being tried in absentia,” he stated.

The Sky Train Project, initiated under the previous New Patriotic Party (NPP) government, was meant to revolutionize Ghana’s transport system but has now become embroiled in a major financial scandal.