Accra: The Ghana Chamber of Mines has urged establishing a Special Purpose Vehicle (SPV) to fund the Western Corridor railway, calling it vital infrastructure to support mining, reduce road pressure, and boost national economic growth: The Ghana Chamber of Mines has made a significant appeal for the creation of a Special Purpose Vehicle (SPV) aimed at funding the development of the Western Corridor railway. This infrastructure is deemed essential for supporting the mining sector, alleviating pressure on roads, and fostering national economic growth.
According to Ghana News Agency, Mr. Ahmed Nantogmah, Chief Operating Officer of the Chamber, emphasized the pressing need for dedicated financing to revamp the railway network that serves the western enclave, which is home to major mineral operations including the Ghana Manganese Company (GMC). He noted that the development of the Western Corridor railway transcends mining-sector priorities, emerging as a national economic necessity.
Mr. Nantogmah elaborated on how a reliable railway system would enhance bulk mineral haulage, reduce road congestion, and bolster Ghana's competitiveness in the global minerals market. Furthermore, the Chamber advocated for government backing in establishing a manganese refinery in Ghana. Mr. Nantogmah highlighted the potential benefits of such a facility, including retaining greater value from mineral resources, fostering industrialization, and creating skilled jobs.
He stated that a local refinery would transform the manganese value chain by producing higher-value products domestically instead of exporting raw ore. This transformation would lead to job creation, increased revenue, and enhanced economic resilience.
The discussions involving GMC and the Parliamentary Select Committee on Lands and Natural Resources centered on three main objectives: establishing a manganese refinery, developing the Western Corridor railway, and addressing illegal mining, known locally as galamsey.
Mr. Sanja Nanja, Vice Chairperson of the Committee, praised the Chamber for its proactive engagement. He assured that Parliament is committed to advancing policies that support sustainable mining and national development. Mr. Nanja highlighted that the Committee would collaborate with stakeholders to ensure that mining contributes not only to revenue but also to industrialization, job creation, and combating illegal mining.
