Stop exporting raw minerals, build Ghana’s industries – Atsu Charles

Atsu Charles

Atsu Charles, the National Democratic Congress (NDC) Communication Officer for the Biakoye Constituency, has backed President John Dramani Mahama’s plan to end the export of unprocessed mineral ores by 2030, describing it as an opportunity to strengthen Ghana’s industrial base.

Speaking on the Bubune Morning Show on Bubune 91.7 FM, Charles argued that processing the country’s natural resources locally would create jobs, attract investment and enable Ghana to retain more value from its minerals.

“By the year 2030, we want to ensure that our iron ore is not just exported in its raw state,” he said.

Charles explained that locally processed iron ore could supply industries producing iron rods, roofing sheets and other construction materials while supporting infrastructure projects such as roads and bridges.

“If we properly process our iron ore locally, we will create numerous jobs and immense value from it,” he added.

He projected that establishing processing factories would attract local and foreign investors, expand manufacturing and create employment opportunities.

“If we stop exporting raw iron ore and instead build factories here by 2030, foreign and local companies will set up operations right here in Ghana,” he stated.

Charles further argued that exporting processed products could increase foreign exchange earnings and strengthen the cedi.

“The foreign exchange we earn from this will significantly strengthen our currency and boost our overall economy,” he said.

He cited the Ghana Gold Board, popularly known as GoldBod, and its Chief Executive Officer, Sammy Gyamfi, while discussing efforts to strengthen Ghana’s mineral sector. Charles suggested that the country could extend local processing beyond gold to iron ore and other minerals, potentially positioning Ghana as a manufacturing hub for the West African sub-region.

He acknowledged that achieving the proposed 2030 target would require substantial investment in infrastructure, financing and technology.

The projected benefits, including job creation and improved foreign exchange earnings, will depend on effective implementation and the establishment of commercially viable processing facilities.