The Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Simon Madjie, has thrown his support behind efforts to increase Ghanaian ownership and participation in the country’s mining industry.
Speaking on PM EXPRESS Business Edition on October 8, 2026, with host George Wiafe, Mr Madjie said the country had reached a stage where more indigenous businesses should own significant stakes in the mining sector following years of mining activities and reforms aimed at strengthening local content.
He noted that several Ghanaian mining companies and contractors had demonstrated their ability to compete with multinational firms operating in the industry.
Mr Madjie cited Engineers and Planners (E&P) as an example of a local company that had built the capacity to take on greater responsibilities in the mining value chain.
According to him, the company’s development from a mining contractor into a business capable of owning and operating mines provides a model for building successful Ghanaian-owned mining companies.
He stressed that the experience of E&P should serve as a blueprint for developing indigenous champions in the mining industry and other sectors of the economy.
The GIPA CEO further stated that the government remained committed to helping Ghanaian entrepreneurs and businesses acquire stakes in strategic sectors while building their capacity to expand and compete internationally.
He assured local business owners that the government’s objective was to support their growth and enable them to compete effectively on the global market.
Mr Madjie also sought to reassure foreign investors that the drive to increase local ownership should not be interpreted as hostility towards foreign businesses.
Rather, he explained, the initiative was intended to create more opportunities for Ghanaians to participate in critical sectors of the economy while strengthening their skills, expertise and capacity to operate alongside international investors.
