Individuals, analysts, and stakeholders entertaining the idea that the government is pursuing a natural resource nationalism policy should perhaps reconsider their position.
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has outrightly dismissed such claims, insisting that resource nationalism is not a policy or agenda of the President Mahama-led government.
Addressing participants at the 19th edition of the West African Mining and Power Exhibition (WAMPEX 2026), the Minister sought to dispel growing perceptions that the government intends to adopt a hostile stance towards foreign investors in the extractive sector.
He was emphatic that Ghana is not seeking to drive away investors or seize control of natural resources at the expense of private capital. Rather, government wants partnerships that deliver mutual benefits to both investors and the Ghanaian people.
“A win-win partnership where investors get a good return on their investment and in return leave a lasting legacy of empowerment, value addition and expertise. It cannot be nationalism of mines. It cannot,” the Minister stressed.
Partnership, Not Resource Nationalism
The Minister’s remarks come at a time when debates surrounding mining leases, local participation and resource ownership have fueled speculation that the government may be leaning towards resource nationalism. This is a policy approach where states seek greater control over natural resources, often at the expense of foreign investors.
However, the sector minister’s comments suggest that the government’s objective is not to exclude investors but to encourage deeper collaboration that promotes industrialization, technology transfer, skills development, and value addition within Ghana.
He urged investors to move beyond the traditional extractive model and partner with Ghana in building industries that create sustainable economic opportunities.
“To investors, we say partner with us in building value-added industries,” he stated.
A Competitive Mining Sector
According to the Minister, Ghana’s vision is to build a mining sector that is modern, responsible, resilient and globally competitive.
Rather than pursuing policies that could undermine investor confidence, government appears focused on ensuring that the country’s natural resources generate broader economic benefits while maintaining Ghana’s attractiveness as an investment destination.
His remarks also align with recent assurances by government that Ghana remains committed to providing a stable, predictable and transparent environment for mining investments.
A Shared Responsibility
The Minister concluded by emphasizing that West Africa’s vast natural wealth can only be transformed into lasting prosperity through cooperation among governments, investors and regional institutions.
He called for decisive action and stronger partnerships to convert mineral resources into jobs, industries and long-term economic security for citizens.
For Caleb Yirenky, Ghana is not pursuing a resource nationalism agenda. Instead, it is seeking a balanced approach that protects national interests while preserving the investor partnerships needed to drive growth, industrialization and sustainable development.
