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Minerals Development Fund Board Urges Local Management Committees to Invest in Sustainable Projects in Mining Districts

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Chairman of the Minerals Development Fund (MDF) Board, Kwaku Sakyi-Addo, has called on local management committees (LMCs) in mining districts to invest mineral royalties allocated to them in sustainable income-generating businesses, especially in the agricultural and other sectors. This move will ensure regular income flow for more development projects.

The MDF Board has had discussions with the Ghana Chamber of Mines (GCM), which is represented on the board, and the chamber is open to the idea of off-taker agreements with mining districts.

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This means whatever is produced will be bought by mining companies. The young men will produce vegetables in commercial quantities and supply them to the mining companies based on an off-taker agreement. The companies will purchase all the vegetables, and the profit can be used to provide more amenities for the communities. That way, the funds will be more beneficial to the communities.

The Obuasi LMC of the MDF has inaugurated a multi-purpose community centre at Ahansonyewodea, a community in the Obuasi East District in the Ashanti Region, to address the social needs of the people. It will serve as a centre for funerals, festivals, community durbars and parties.

The MDF Secretariat has disbursed more than GH¢700 million to beneficiaries in mining communities across the country. Although there is ample evidence that the fund has been largely put to good use in the various mining communities, it could be optimized through strategic investment. The off-taker agreement with the GCM that has been proposed is a golden opportunity for the assemblies to rake in more money to provide more amenities for the people.

The DCE for Obuasi East, Faustina Amissah, said the call made by the MDF Board Chairman was a good one, as it would enhance the sustainability of projects executed in mining communities.

The assembly would work closely with the LMC and the GCM to see how the initiative would work out. It was important for the MDF Secretariat to release funds promptly to the LMCs for the timely completion of projects. LMC members should collaborate with the assembly to ensure that projects initiated align with the local medium-term plan.

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