GIPA Boss: Endorses E&P Mining Model Ghana for Local Ownership

• Simon Madjie, Chief Executive of the Ghana Investment Promotion Authority, advocates for increased Ghanaian ownership in the mining sector.
• He highlighted Engineers and Planners (E&P) as a model for building local mining giants, citing their progression from contractors to mine owners.
• The government is committed to supporting Ghanaian businesses to grow and compete internationally.
• Foreign investors are assured that these efforts are not anti-foreign but aim to encourage indigenous participation and capability development.
• This signals a clear government commitment to increasing local content and ownership in Ghana's mining sector.

This signals a clear government commitment to increasing local content and ownership in Ghana's mining sector, potentially influencing future regulatory frameworks, investment incentives, and compliance requirements for both domestic and foreign entities operating in or looking to enter the Ghanaian mining industry.

Simon Madjie, the Chief Executive of the Ghana Investment Promotion Authority (GIPA Boss), has publicly expressed his strong endorsement for initiatives aimed at increasing Ghanaian ownership within the nation's crucial mining sector. Speaking on the PM EXPRESS Business Edition on October 8, 2026, with host George Wiafe, Mr. Madjie asserted that after years of mining operations and persistent calls for reforms, particularly concerning local content, the opportune moment has arrived for indigenous individuals and entities to secure substantial stakes in the industry.

The GIPA Boss highlighted that several local mining companies and contractors have already demonstrated their capability to compete effectively with multinational corporations operating in Ghana. He specifically cited the long-standing contributions of Engineers and Planners (E&P) to the mining sector. Mr. Madjie proposed that the operational model exemplified by E&P should be considered a definitive blueprint for fostering the development of major mining enterprises across Ghana, thereby advancing the goal of greater Ghanaian mining local ownership.

The GIPA Boss E&P mining model Ghana is being championed as a successful example of local industry development. Simon Madjie detailed E&P's journey, noting their extensive history as contractors for numerous companies within the sector. This foundational experience allowed them to engage across various segments of the mining value chain, systematically building their expertise and operational capacity over time. Significantly, E&P has now progressed to a point where they possess the capability to both own and independently manage mining operations.

This evolution, from providing contractual services to becoming owner-operators, is widely acknowledged as an effective strategy for cultivating local giants, not only within the mining sector but also across other vital economic domains. The Ghana Investment Promotion Authority mining chief's strong endorsement of this model underscores the government's strategic vision for empowering domestic businesses to assume prominent roles, thereby strengthening Ghana local content mining policy and national economic participation.

The government, as articulated by the GIPA Boss, has reaffirmed its steadfast commitment to supporting all Ghanaian citizens and business owners in acquiring stakes in critical economic sectors. This commitment includes assuring Ghanaians that the government is actively invested in their business interests, with the primary objective of facilitating their growth and enabling them to compete on the international stage. Such declarations signal a robust and evolving Ghana local content mining policy framework.

Furthermore, Mr. Madjie provided assurances to foreign investors, clarifying that the government's strategic moves are not intended to be anti-foreign. Instead, these initiatives are specifically designed to actively encourage greater indigenous participation and to cultivate the capabilities of local entities. This signals a clear government commitment to increasing local content and ownership in Ghana's mining sector, potentially influencing future regulatory frameworks, investment incentives, and compliance requirements for both domestic and foreign entities operating in or looking to enter the Ghanaian mining industry.

This signals a clear government commitment to increasing local content and ownership in Ghana's mining sector, potentially influencing future regulatory frameworks, investment incentives, and compliance requirements for both domestic and foreign entities operating in or looking to enter the Ghanaian mining industry.

Source: Original reporting via Joy Business.