Ghanaian government has drafted a new minerals and mining bill that would grant the state a special equity share with strategic veto rights in mining operations, according to a draft document reported by Reuters.

The legislative proposal preserves the state’s existing 10% free-carried interest in mining projects while introducing special share rights to enhance government oversight.

Under the draft provisions, the proposed law would empower the government to hold a golden share, giving authorities veto rights over key structural decisions, major asset transfers, and ownership changes within foreign and domestic mining companies operating in Africa’s top gold-producing country.

The draft bill, which also proposes reducing the standard duration of mining leases, forms part of a broader government push to boost state revenue, increase local participation, and tighten regulatory compliance across the mining sector.

–Reuters/ChannelAfrica–