PREAMBLE OF MDF ACT

The Mandate

The MDF was established by Act, Act 912 passed by Parliament in March, 2016 to provide a more reliant and predictable source of funding development initiatives in mining communities. The mandate of the Fund is to provide “financial resources for the direct benefit of mining communities, a holder of an interest in land within mining communities, a traditional and local government authority within mining communities and an institution responsible for the development of mining in Ghana.

Object of the Fund

The object of the Fund is to provide financial resources for the benefit of

• A mining community;
• A holder of interest in land within a mining community;
• A traditional and local government authority within a mining community; and
• An institution responsible for the development of mining.