Mining companies enter into several agreements. Why do mining companies enter into development agreement in Ghana and what are the conditions to meet before the agreement is granted? (2 marks)
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Mining Companies which indicate to spend over 500 million USD may request for development agreement with Ghana Government. This allows them to bargain for incentives which will create value for their shareholders.
The following conditions must be met:
- Must be prepared to invest over 500 million United States Dollars
- It must be ratified by Parliament (2 marks)