The Omanhene of the Dormaa Traditional Area, Osagyefo Oseadeeyo Dr. Agyemang Badu II, has announced his intent to invite mining companies into his region to enhance employment and development.

0

In a video observed by GhanaWeb, Agyemang Badu II emphasized the importance of mining as a catalyst for development during a public speech, while also insisting that mineral extraction be carried out responsibly and equitably.

1

He specified several conditions for companies interested in mining in Dormaa, including an agreement to share 50% of the profits with the state.

2

"This is breaking news. It is time for me to allow those willing to meet my conditions to extract our resources so that our President Nana Addo Dankwa Akufo-Addo can reap larger profits. It won't be like other situations where they take 93% and the state gets only 7%, no! In Dormaa, once you recover your capital, you will split the profit in half, giving 50% to Nana Addo Dankwa Akufo-Addo and keeping the remainder as your profit," he stated.

3

He noted that the profits allocated to the state would greatly aid Dormaa's development through royalty payments.

4

He disclosed that several companies have already agreed to the proposal and have made significant payments to the Dormaa state.

5

"The money paid to Dormaa is non-refundable. As I speak, the money is in our Commercial Bank (account), and my chiefs know how much we have. In due time, it will be made public, and we will decide what to use the money for," he stated.

6

"People of Dormaa will prosper during my reign. If possible, I want to start before the year ends; every child born in Dormaa will receive payment, whether native or not, as long as the child is born on Dormaa land," he stated.

7

Agyemang Badu II has consistently voiced his concerns over the years regarding Ghana's mineral royalties, criticizing what he views as inadequate gratuity payments made by mining companies to the state.

8