The flagbearer of the New Patriotic Party (NPP) for the 2024 Presidential election, Dr. Mahamudu Bawumia, has pledged to establish a Minerals Development Bank for small scale miners when elected as President in the December 7th Elections.
He indicated that just as the government had set up the Agricultural Development Bank for farmers, he would establish a bank for miners to offer them the needed financial support.
The Vice President, Dr. Mahamudu Bawumia, made this assertion during a stakeholder engagement at Atwima Mponua,a mining community in the Ashanti Region during his campaign tour.
Dr. Bawumia said the bank will provide finances for mining projects in the country.
According to Dr. Bawumia, the move is aimed at ending the practice of foreign mining companies exporting all their earnings, which has been a concern for the government and the mining industry.