Dr. Mahamadu Bawumia, the New Patriotic Party's flagbearer, has revealed his intentions to create a minerals development bank should he win the upcoming December elections.

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This initiative aims to offer financial support to mining projects within Ghana.

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During the 3rd Annual Transformational Dialogue on Small-Scale Mining at the University of Energy and Natural Resources in the Bono Region, Dr. Bawumia highlighted that this policy would prevent foreign mining companies from exporting all their earnings, thereby boosting the local economy.

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“We also want to, as I said, in collaboration with the relevant state institutions like MIIF, PMMC, the Bank of Ghana, the private sector and others, we want to establish a minerals development bank to finance viable local mineral projects and to mitigate foreign financing of local mining projects, which leads to heavy smuggling of the produce afterwards.”

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