Government Urged to Rethink Abosso Lease Rejection

The Africa Centre for Energy Policy (ACEP) has warned the government against its decision to take over the Damang Mine operated by Abosso Goldfields Limited (AGL) without exhausting legally mandated processes. Addressing the media on April 17, 2025, Executive Director Benjamin Boakye urged restraint and a return to dialogue to prevent what he termed a potentially costly expropriation. ACEP, which has followed developments closely, held separate engagements with government officials and AGL, as well as a review of the Minerals and Mining Act. Boakye questioned the government's legal grounds for refusing to renew AGL’s mining lease, citing Section 27 of Act 703, which stipulates that operations must continue pending the resolution of disputes if arbitration has been initiated—a step AGL has reportedly taken. ACEP raised alarm over past hasty state decisions that have cost Ghana heavily, citing the Ameri, Agyapa, and GPGC deals, and the failed GNPC-Aker acquisition attempt. Accordi...