Economist and Professor of Finance at the University of Ghana Business School, Professor Godfred Bokpin, has issued a stark warning that Ghana is heading down a dangerous and unsustainable path, particularly in its handling of irresponsible mining activities.
According to him, the government appears increasingly focused on highlighting the perceived financial benefits of mining, often framed in terms of billions of dollars, while downplaying or ignoring the full environmental and human cost.
Speaking on Accra-based Joy FM, Professor Bokpin criticised what he described as the state’s growing tolerance for destructive mining practices, despite clear evidence that their long-term costs far outweigh any short-term economic gains.
“We keep hearing about the benefits, the revenues and the supposed gains, but when you weigh these against the destruction of our water bodies, forests and livelihoods, the cost is clearly far higher than whatever benefit is being advertised,” he said.
He questioned how the country has become comfortable watching its natural resources degrade while continuing business as usual.
“How do we move across this country, see the state of our rivers and forests, and still feel comfortable going to bed and waking up to continue digging?.This is not just bad economics; it is dangerous.”
He stressed that no economy can thrive without ecological integrity and environmental sustainability, warning that celebrating short-term gains today could come at a devastating cost tomorrow.
“You may celebrate these short-term gains now,” he cautioned, “but you may not have a tomorrow to celebrate.”
While making it clear that he is not opposed to mining, Professor Bokpin emphasised the need for responsible and regulated mining practices.
He noted that there are mining companies that comply with environmental standards and demonstrate that mining can be done responsibly.
However, he argued that many operators involved in destructive mining adopt cheap, low-cost methods that disregard safety, environmental protection, and human life.
“These operators are simply not capable of responsible mining. They cut corners, adopt low-cost approaches and leave destruction in their wake.”
Professor Bokpin also questioned the role of the state, suggesting that continued tolerance of such practices sends a troubling signal.
“If the state is comfortable with this, or looks away, then it is effectively endorsing the destruction,” he warned.
He concluded by calling for urgent reflection and action, warning that Ghana cannot afford to trade environmental collapse and human lives for temporary economic relief.
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