Dormaahene Denounces Ghana’s Low Share of Mining Profits: “We Get Peanuts, They Get Rich”
- Dormaahene criticizes the meager 7% profit share the government receives from mining
- He highlights that even past military governments demanded a fairer 50/50 split
- Dormaahene argues that Ghana is sacrificing its environment for minimal gain
The Dormaahene, Osagyefo Oseadeeyo Agyeman Badu II, has raised concerns over the government’s allocation of profits from Ghana’s mining sector, deeming it insufficient.
In a recent social media-shared interview, the Dormaahene disclosed that the government receives a mere 7% share of the proceeds from mining activities, a percentage he perceives as unjust.
He highlighted that even during military rule, there was a more equitable distribution, with General Kutu Acheampong advocating for a 50-50 split.
Expressing dismay at the contemporary scenario, the Dormaahene questioned why, in a supposedly more civilized era, the government settles for such a minimal portion.
He emphasized that the current arrangement disproportionately benefits foreign entities, with Ghanaian communities bearing the environmental and social costs of mining while receiving meager returns.
