Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Man faces death penalty as he sensationally pleads guilty to murdering boy, 10, inside nail salon in Miami

    Villarreal coach makes stunning revelation on why Thomas Partey

    NPP Communications Directorate congratulates Dr Bawumia on presidential primaries victory

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»News»Chamber seeks framework for mandatory mining CSI funds
    News

    Chamber seeks framework for mandatory mining CSI funds

    Papa LincBy Papa LincDecember 14, 2025No Comments3 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Chamber seeks framework for mandatory mining CSI funds
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    Ahmed Dasana Nantogman is the Chief Operating Officer of the Chamber Ahmed Dasana Nantogman is the Chief Operating Officer of the Chamber

    The Ghana Chamber of Mines has called for a comprehensive regulatory framework to guide the proposed mandatory Corporate Social Investment (CSI) contributions by mining companies.

    The Chamber said without proper structures, the sector risked implementing a system that might not benefit communities or the industry, despite the existing policy under which member companies set aside at least US$1 per ounce of gold earned and one per cent of net profit for host‑community development.

    Ahmed Dasana Nantogman, Chief Operating Officer of the Chamber, told the Ghana News Agency that the effectiveness of the one per cent mandatory payment would depend on how the funds were managed and distributed.

    He made the remarks at a three‑day training for editors and senior reporters from the Greater Accra, Western and Upper East Regions at Peduase, on the theme: “Green mining: Best practices and responsible reporting.”

    The training was organised by the Ghana News Agency in partnership with the Association of China‑Ghana Mining LBG to help shift media focus from illegal small‑scale mining to broader mining sector issues.

    Nantogman said that although mining companies currently manage their CSI budgets and choose how to spend them voluntarily, the intention was to introduce a law to regulate the process.

    He explained that if Ghanaians agreed to a mandatory one per cent contribution, a clear framework would be needed to ensure the funds were used effectively.

    Nantogman said the current system allowed companies to independently determine their CSI priorities, resulting in inconsistencies in community benefits.

    “Over the last decade, sustained corporate social investment by Chamber members, combined with ongoing legal reforms, is gradually reshaping how Ghana’s mineral wealth is shared with host communities,” he noted.

    Nantogman said key questions needed answers before implementation.

    “So, the one per cent is paid [but] what happens to it? Where does it go? Who controls it? Who runs it? Who are the trustees behind it, and where should it be invested?”

    Nantogman warned that without safeguards, the system could face risks of elite capture and weak transparency.

    “We don’t want a situation where they pay the money. It goes into a pool, and then some stronger people will come and take it without any record,” he said.

    Nantogman said mechanisms must be applied in ways communities perceive as fair, transparent and developmental, strengthening the social licence to operate and the industry’s long‑term viability.

    He said that proper targeting and oversight of the mandatory contribution system would address community needs more effectively than the current voluntary model.

    Mining companies currently support communities through CSI initiatives such as infrastructure, education, health and livelihood projects, but the Chamber said the absence of standardisation had created disparities in benefits.

    Nantogman said the Chamber was ready to work with the government and stakeholders to develop a robust framework addressing governance of the CSI.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleAccess Restricted
    Next Article ‘I don’t do fraud!’ – Shatta Wale breaks silence on allegations
    Papa Linc

    Related Posts

    Man faces death penalty as he sensationally pleads guilty to murdering boy, 10, inside nail salon in Miami

    February 1, 2026

    NPP Communications Directorate congratulates Dr Bawumia on presidential primaries victory

    February 1, 2026

    Trump throws luxurious MAGA wedding for his top aide Dan Scavino at Mar-a-Lago… as blushing bride stuns guests and Elon Musk arrives with his baby mama

    February 1, 2026
    Ads
    Top Posts

    Secret code break that ‘solved’ the Zodiac killer case: Expert who unmasked single suspect behind two of America’s darkest murders tells all on bombshell investigation

    December 24, 2025116 Views

    Night Of The Samurai Grand Arrivals Gallery » December 23, 2025

    December 24, 202554 Views

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202454 Views

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202452 Views
    Don't Miss
    International February 1, 2026

    Man faces death penalty as he sensationally pleads guilty to murdering boy, 10, inside nail salon in Miami

    A career criminal is facing the death penalty after admitting he murdered a child in…

    Villarreal coach makes stunning revelation on why Thomas Partey

    NPP Communications Directorate congratulates Dr Bawumia on presidential primaries victory

    Trump throws luxurious MAGA wedding for his top aide Dan Scavino at Mar-a-Lago… as blushing bride stuns guests and Elon Musk arrives with his baby mama

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Man faces death penalty as he sensationally pleads guilty to murdering boy, 10, inside nail salon in Miami

    Villarreal coach makes stunning revelation on why Thomas Partey

    NPP Communications Directorate congratulates Dr Bawumia on presidential primaries victory

    Most Popular

    OK Frimpong reveals why he ‘singlehandedly’ sponsored Medikal’s O2 Ingido (London) occasion

    October 18, 20240 Views

    Emma Heming Willis shares family photos as daughter Mabel turns 11

    October 18, 20240 Views

    Seven dead after ferry dock gangway collapses on Georgia’s Sapelo Island

    October 20, 20240 Views
    © 2026 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.