The flagbearer of the New Patriotic Party (NPP), Dr. Mahamadu Bawumia, says his future government will set up a Minerals Development Bank if he wins the December 7  presidential election.

Speaking at the 3rd Annual Transformational Dialogue on Small Scale Mining in Ghana at the University of Energy and Natural Resources in the Bono Region, Dr. Bawumia, said this will finance mining projects in the country.

He was confident that this when implemented will put to a stop the practice where foreign mining companies smuggle all their earnings.

“We also want to, as I said, in collaboration with the relevant state institutions like MIIF, PMMC, the Bank of Ghana, the private sector and others, we want to establish a minerals development bank to finance viable local mineral projects and to mitigate foreign financing of local mining projects, which leads to heavy smuggling of the produce afterwards.”