Bold mining policy under President Ibrahim Traoré begins to yield results
According to the latest Macro Poverty Outlook report from the World Bank, Burkina Faso’s gold production could reach 65 tonnes by 2027 a dramatic leap attributed to the sovereign and strategic policies implemented since Captain Traoré came to power.
This projection is based on reforms aimed at strengthening state control over the gold sector.
The new mining law adopted by the Burkinabe government includes a significant increase in the state’s share in mining projects, tighter regulation of artisanal mining, and greater transparency in mineral sales.
Burkina Faso takes bold sovereignty step: nationalizing foreign mining operations
The goal is clear: to make gold a direct driver of national development for the benefit of Burkina Faso’s people.
The additional revenue is expected to fund key projects in education, healthcare, defense, and infrastructure, breaking away from the extractive model inherited from the neocolonial era.
This sovereign approach marks a sharp departure from past practices, where multinational corporations benefited more than local populations.
By strengthening legal frameworks and promoting local gold processing, Captain Traoré aims to transform this wealth into a tool for economic, social, and political resurgence.
Maurice K.ZONGO
