Our Regulator for today is the Minerals Commission of Ghana (the “Commission”). The Commission regulates and manages the use of mineral resources in Ghana It was first established under the Minerals Commission Law (PNDCL 154) and subsequently given legal support under the Minerals Commission Act, 1993 (Act 450).
Its responsibilities include:
a. Granting of mineral rights to individuals and companies interested in exploring and mining minerals in Ghana, such as prospecting licenses, reconnaissance licenses, mining leases and mineral licenses.
b. Monitoring the progress and outcomes of policies related to mineral resources and reports its findings to the Minister responsible for lands and natural resources (the “Minister”).
c. Overseeing the activities of entities involved in the mineral sector by ensuring that they are operating in compliance with relevant laws, regulations, and guidelines.
d. Assessing the terms and conditions of public agreements or contracts pertaining to minerals to ensure they are fair, transparent, and beneficial to the country.