The Government of Ghana has issued a new 12-month mining lease to Abosso Goldfields Limited, a subsidiary of Gold Fields Ghana, allowing the company to continue operations at the Damang Mine in the Western Region.
The move comes amid ongoing discussions to transition the mine into full Ghanaian ownership. Officials say the temporary lease is a critical step to ensure continued production while the government finalizes a roadmap for local takeover.
A statement by Felix Kwakye Ofosu, Spokesperson to the President and Minister of State in charge of Government Communications, called the deal a “win-win” for both the country’s economy and its mining communities. “This is not just about mining, it’s about putting Ghanaians at the center of our natural resource wealth,” he said.
The Damang Mine, a major contributor to Ghana’s gold output, employs hundreds of workers and supports livelihoods in surrounding communities. The government’s decision is expected to maintain stability in the sector while answering growing calls for greater local ownership of Ghana’s mineral resources.
Mining sector analysts say the transitional lease signals a strong commitment to long-term reforms in the extractive industry—one that prioritizes sustainability, job security, and national interest.
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