The Ghana Chamber of Mines has praised the Government of Ghana and Gold Fields Ghana Limited for their constructive agreement on the transition arrangements for the Damang Mine.
According tonthe Chamber, “this forward-looking agreement” ensures the safe resumption of open-pit mining during the transition period and underscores the shared interest in sustaining mining operations for the benefit of employees, local communities, and the broader Ghanaian economy.
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Ahmed Dasana Nantogmah, Acting Chief Executive Officer of the Ghana Chamber of Mines, welcomed the agreement, saying,
We are encouraged by the spirit of collaboration that has characterized the engagement between the Government and Gold Fields. Such partnerships not only enhance investor confidence but also reflect a commitment to good governance, transparency, and inclusive development.”
Commitment to Transparency and Good Governance
The Ghana Chamber of Mines also commended the Government and Gold Fields for their commitment to transparency, good governance, and inclusive development. It was of the view that by working together, they can ensure the continued growth and development of Ghana’s mining sector, benefiting both the local communities and the broader economy.
As Nantogmah noted, “Such partnerships not only enhance investor confidence but also reflect a commitment to good governance, transparency, and inclusive development.
This agreement sets a positive precedent for future collaborations in Ghana’s mining sector.
Implications for Ghana’s Mining Sector
The agreement is expected to have a positive impact on Ghana’s mining sector, promoting stability, transparency, and long-term value creation. By prioritizing good governance and inclusive development, the Government and Gold Fields can ensure that the benefits of mining are shared equitably among stakeholders.
The Ghana Chamber of Mines welcomes this agreement as a significant step towards promoting a stable and attractive mining environment in Ghana. By working together, the Government and Gold Fields can ensure the continued growth and development of the country’s mining sector, benefiting both the local communities and the broader economy.
