Saturday, 27 Sep 2025
  • My Feed
  • My Interests
  • My Saves
  • History
  • Blog
Subscribe
FM News Online
  • Home
  • Opinion

    Kpando MP takes part in 2025 World Trade Expo in Osaka, seeking economic diplomacy for his people

    By Edzorna Francis Mensah

    Office of Attorney-General publishes EOCO Investigative reports on caged Kwabena Adu-Boahene

    By Edzorna Francis Mensah

    Minister for Food and Agriculture leads Feed Ghana Programme Validation Workshop

    By Edzorna Francis Mensah

    Skin disease outbreak leaves Mepe-Avetakpo residents in agony

    By Zeze Jones

    Edward Abambire Bawa assumes office as Acting Group CEO & MD of GOIL PLC

    By Zeze Jones

    Associates Ghana rejects foreign calls to reinstate suspended Chief Justice

    By Edzorna Francis Mensah
  • Politics

    “Recent S&P upgrade of Ghana’s sovereign rating”, a good sign of macroeconomic progress: BoG Boss expresses joy

    By Edzorna Francis Mensah

    Good News:  Government takes out E-Levy, COVID Levy, Betting Tax in line with 120-day Social Contract

    By Edzorna Francis Mensah

    validation meeting on Gender Analysis of Social and Behaviour Change to end child marriage underway

    By Edzorna Francis Mensah

    GEPA to empower exporters under 24-hour Economy Policy

    By Edzorna Francis Mensah

    Communication Minister meets Deloitte Team to foster Digital Transformation

    By Edzorna Francis Mensah

    CSOs unite to form advocacy group aiming to advocate for Ghana’s NPO Bill

    By Edzorna Francis Mensah
  • Health

    Bad News Hits Parliament as NPP MP for Akwatia, Ernest Yaw Kumi returns to his maker on July 7, 2025

    By Edzorna Francis Mensah

    New pope elected on second day of the conclave

    By Edzorna Francis Mensah

    Ketu North Assembly signs MoU to rebuild Dzodze Market into Modern Shopping Centre, Akanu ECOWAS Market Complex

    By Edzorna Francis Mensah

    Somé Traditional Council launches 2025 Sométutuza to achieve socio-cultural and economic development

    By Edzorna Francis Mensah

    Bank of Ghana issues guidelines for application of exchange rates by shipping industry in Ghana effective 22nd July, 2025

    By Edzorna Francis Mensah

    Volta First: Chief Tanko brings Political Actors, Musicians together to foster growth

    By Edzorna Francis Mensah
  • News
  • International
  • Sports
  • Account
  • 🔥
  • News
  • Economy
  • Governance
  • Politics
  • Uncategorized
  • Health
  • Education
  • Editorial
  • Religion
  • Sports
Font ResizerAa
FM News OnlineFM News Online
  • My Saves
  • My Interests
  • My Feed
  • History
  • Education
  • Editorial
  • Politics
  • Health
  • ICT
  • International
Search
  • Home
  • Opinion
  • Politics
  • Health
  • News
  • International
  • Sports
  • Account
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Minerals Development Fund Board inaugurated to champion community-centred growth in mining areas
Governance

Minerals Development Fund Board inaugurated to champion community-centred growth in mining areas

Edzorna Francis Mensah
Last updated: July 8, 2025 2:39 pm
Edzorna Francis Mensah
Published July 8, 2025
2 Min Read
Share
SHARE

Ghana’s mining communities are set to benefit from strengthened governance as the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah inaugurated the new Governing Board of the Minerals Development Fund (MDF) with a clear mandate: prioritize transparent, accountable, and community-focused development in mining regions.

- Advertisement -
Ad image

Speaking at the inauguration ceremony, 7th July 2025 Mr. Kofi Buah emphasized the Fund’s pivotal role in ensuring mineral wealth directly improves lives in mining-affected areas.

“The MDF represents our nation’s covenant with mining communities – a promise that the resources extracted from their lands will meaningfully transform their quality of life,” the Minister stated.

Established under Act 912 (2016), the MDF operates with a structured disbursement framework:

  • 50% to the Office of the Administrator of Stool Lands (OASL);
  • 20% to the Mining Community Development Scheme (MCDS);
  • 13% to the Minerals Commission.
  • 8% to the Ghana Geological Survey Authority (GSA);
  • 4% to the Ministry of Lands and Natural Resources.
  • 5% for research, training, and sustainable development initiatives; and
  • 2% for administrative and operational expenses.

Hon. Armah-Kofi Buah also charged the Board with immediate priorities: Completing all ongoing community development projects, developing robust alternative livelihood programs, and implementing transparent fund management systems.

- Advertisement -
Ad image

Yusif Sulemana, Deputy Minister for Lands and Natural Resources, emphasized the need for a clear break from past mismanagement.

He urged the Board to treat their appointments as a national service and ensure funds are directed to areas that need them most.

Board Chairman, Akwasi Nsiah Awuah, expressed gratitude for the opportunity to serve and pledged the Board’s commitment to responsible stewardship.

The inauguration marks a renewed drive toward sustainable, inclusive development in Ghana’s mining regions, signaling the government’s commitment to ensuring that mineral revenues translate into lasting community progress.

 

Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Reconstituted Financial Stability Advisory Council holds maiden meeting aims to foster sound, stable and innovative financial sector
Next Article Governor Dr. Johnson Asiama chairs newly constituted Ghana Deposit Protection Corporation Board
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Ghana charts bold path toward digitally empowered future – Mohammed Sukparu

The Deputy Minister for Communication, Digital Technology, and Innovations, Hon Mohammed Ada Sukparu, in a…

By Edzorna Francis Mensah

Finance Minister issues guidelines for utilization of DACF in line with District Assembly Development Budgets

The Minister of Finance, Dr. Ato Forson has issued clear guidelines for the allocation (in…

By Edzorna Francis Mensah

Inspector-General of Police seeks good counsel from former IGPs

The Inspector-General of Police (IGP), Christian Tetteh Yohuno, on 2nd April 2025, met with former…

By Edzorna Francis Mensah

You Might Also Like

Governance

Parliament commends Energy Commission for its commitment to Ghana’s energy transformation

By Edzorna Francis Mensah
Governance

Dr. Mohammed Amin Adam salutes President Mahama for his address at United Nations General Assembly

By Edzorna Francis Mensah
Governance

Ghana launches National Energy Compact under Mission 300 initiative at ongoing United Nations General Assembly

By Edzorna Francis Mensah
Governance

Ghana & UK Strengthen Trade Ties

By Edzorna Francis Mensah
FM News Online
Facebook Twitter Youtube Rss Medium

About US


FM News: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.
Top Categories
  • International
  • Editorial
  • Politics
  • Tech
  • Health
  • Education
Usefull Links
  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip
© FM News Online. All Rights Reserved.
FM News OnlineFM News Online
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?