The 25th of May Memorandum of 1970 insures that:
Communication to parents must be in the language they understood
The 25th of May Memorandum of 1970 is a document that was agreed upon by the government of the Republic of Ghana and foreign mining companies operating within the country. The memorandum made provisions for the ownership and control of mining operations within Ghana by Ghanaians.
Specifically, the memorandum ensured that a minimum of 51% of the shares of mining companies in Ghana would be held by Ghanaians or the state. This meant that foreign mining companies had to give up majority control of their operations in Ghana and give Ghanaian citizens and the government a greater stake in the ownership and control of the mining industry within the country.
In addition, the memorandum required that all government contracts with foreign mining companies should be reviewed and renegotiated to ensure that they were fair and equitable to both parties. The government of Ghana also committed to providing proper infrastructure and support services to the mining industry to promote its growth and development.
Overall, the 25th of May Memorandum of 1970 played a significant role in promoting the nationalization and indigenization of the mining industry in Ghana. It ensured that Ghanaians had a greater say in the ownership and control of the country’s natural resources, and paved the way for greater economic empowerment and development of the country.
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