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PEF advocates for establishment of security fund by mining firms


By: Fred Yaw Sarpong- Daily Express

The Private Enterprise Federation (PEF), a family of business associations and chambers is advocating for the establishment of a fund by the mining firms and service providers in the industry to provide adequate security at all concessions for registered mining firms under the Ghana Chamber of Mines.

Nana Osei Bonsu, the Chief Executive Officer (CEO) of PEF explaining it further to the Daily Express after Ghana Chamber of Mines 88th Annual General Meeting (AGM) in Accra said this fund is to ensure that assets of these companies are secure, safe and protected from perpetrators of these illegal activities.

According to Nana Bonsu, “we are all witnesses to the challenges that the private sector including the mining sector has been facing in recent times.”

He mentioned that the mining industry itself is experiencing a cyclical downturn since 2013, as a result of low commodity prices worldwide, thus adding more challenges to the industry’s woes.

“The recent issues of dangers posed by illegal mining operators to illegitimately seize and occupy legally acquired concessions of mining firms in the country is a big cause for concern, because the mining industry has been one of the lead drivers of the Ghanaian economy over decades and must be protected from the illegal activities of opportunities,” said Nana Bonsu.

“Business environment continues to be characterized by relatively insecurity from illegal mining operators and other factors which have affected the operations of mining firms in the country,” he added.

Nana Bonsu said mining activities especially illegal operations have negative effect on the environment and we salute the efforts that the chamber is making to significantly reduce the impact on the environment.





  

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