Two experts at charitable organisation Oxfam Ghana are proposing the enactment of Mineral Revenue Management Act to guide government on the utilization of mining revenue and to check graft in the management of mining revenue in the country.
Senior Communications Advisor at Oxfam, Andrew Bogrand, Extractive Industries Programme Manager Francis Agbere, argued such proposed act will help track resources coming from the mining sector to change the fortunes of many mining communities across the country.
The two in an article copied to 3News, observed the government currently “lacks the consolidated framework to transparently collect, manage and share the revenue it raises through fees, taxes and other mining income”.
According to them, the relative success of the Petroleum Revenue Management Act should trigger a similar act in the mining sector. The Petroleum Revenue Management Act, they noted has improved capital investments of oil revenues in the country.