General News
Ghana gov’t rejects Gold Fields Damang lease renewal for another 30 years

An application by Gold Fields Limited to renew the Damang Mining Lease held by its subsidiary, Abosso Goldfields Limited, for another 30 years has been rejected, a top government source has revealed.
This was corroborated in a statement released by Gold Fields Ghana Limited that the application to the Minerals Commission to extend the mining lease for the Damang Mine had been declined.
The decision not to renew the mining lease comes at a time when the existing 30-year lease granted on April 18, 1995, expires on April 18, 2025, marking a significant milestone in the government’s mission to reset the nation’s economic landscape.
Gold Fields Limited is the seventh biggest producer of gold in the world, and has two operational mines in Ghana, namely the Tarkwa Mine, which is operated by Gold Fields Ghana, and the Damang Mine, which is run by Abosso Goldfields Limited.
Renowned for its rich gold deposits, the Damang Mine is poised to play a pivotal role in strengthening Ghana’s economy.
The Government of Ghana held a 10 per cent share in both mines.
According to the 2024 Annual Report of the Gold Fields Group, which has mines in Canada, Australia, Peru, Chile and South Africa, the two mines in Ghana accounted for 32 per cent of the group’s gold production in 2024, meaning about a third of the entire gold produced by Gold Fields worldwide comes from Ghana.
Earlier reports indicated that before mining stopped at Damang, the Ghana mines of the company contributed about 40 per cent to the group.
Abosso Mine
The Abosso Mine initially operated from 1882 until 1956.
From 1989, Ranger Exploration, initially with other partners, first examined the feasibility of re-treating tailings from the Abosso Mine, and then the northeast extension of the Banket Conglomerates towards Damang village.
Further works carried out by Ranger between 1990 and 1992 demonstrated near-surface mineralisation.
By early 1996, three million ounces of mineral resources had been estimated in the area, and a feasibility study demonstrated that open pit mining would be viable.
Although the mining lease was granted on April 18, 1995, mining at the concession commenced in August 1997, with the first gold pour in November after the construction of the Damang Mine was completed earlier that year.
Gold Fields Limited and Repadre Capital Corp., a Toronto-listed mining royalty company, signed an agreement in 2001 to buy Ranger Exploration’s 90 per cent interest in Damang.
IAMGold and Repadre merged to give IAMGold an 18.9 per cent interest in Damang, and Gold Fields a 71.1 per cent interest.
In 2011, Gold Fields bought out IAMGold’s remaining interest in Damang, and the company now owns a 90 per cent stake, with the Government of Ghana holding the remaining 10 per cent.
According to the 2024 annual report of Gold Fields, no mineral reserves were declared at Damang, which meant there were no defined gold reserves to be mined there.
Actual mining at the mine is said to have stopped in 2023 as the company resorted to processing stockpiles.
In fact, it is stated in the Mineral Resources and Reserves Supplement to the Integrated Annual Report of 2023 that no exploration was proposed for the Damang Mine in 2024.
No reserves
The lack of reserves and the lack of funds for exploration spending for the Damang Mine appeared to suggest that the company was not interested in expanding mine life for the mine at Damang.
Additionally, the company this year intended to continue the processing of stockpiles in line with the life of the mine for at least one year.
The mine has since been considered as one that has not met the requirements and justification for an extension of lease.
Source: Graphic Online
General News
Media Responsibility in Digital Age: Mahama calls for Accountability in new Media Landscape

President John Dramani Mahama has emphasised the critical need for media regulation in the era of social media during a recent presidential media encounter. He said, the world is moving from traditional media to new media platforms like TikTok, Facebook, and X, highlighting the transformative shift in information dissemination.
The President warned about the potential dangers of unregulated digital communication, noting that “anybody with a phone and a camera can now report news or comment on national issues.” He stressed the importance of holding these new content creators accountable to prevent potential social conflicts.
He said, if the government don’t regulate that sector, it can lead this nation to war, pointing to specific instances where inflammatory social media content has fuelled tensions, such as in the Bawku situation and Gonja conflicts.
While acknowledging the removal of criminal libel laws, Mahama underscored that legal mechanisms still exist to address harmful content, particularly hate speech and incitement to violence on digital platforms.
The call for responsible digital communication comes as a critical intervention to maintain social harmony and prevent the misuse of communication technologies.
General News
Kojo Preko Dankwa Challenges Mahama on Galamsey; President Insists Emergency Powers Not Needed Yet

President John Dramani Mahama has dismissed calls for the declaration of a state of emergency in the fight against illegal mining, popularly known as galamsey, despite growing concerns over its impact on water supply.
The debate comes on the back of a proposed 280% increase in water tariffs by the Ghana Water Company Limited (GWCL), which partly attributes the hike to the rising cost of treating water polluted by illegal mining activities.
During a public engagement, a participant asked the President whether the government would consider invoking a state of emergency to address the menace.
Responding, President Mahama said his administration was not yet prepared to take such a drastic step. He explained that existing laws already give security agencies and regulators enough authority to arrest offenders, seize equipment, and enforce forest protection measures without resorting to extraordinary powers.
“I’ve been reluctant to implement a state of emergency in the galamsey fight because we’ve not exhausted the powers we already have,” the President stated. “Implementing a state of emergency might sound nice, but it should be the last resort.”
He further noted that declaring a state of emergency would require parliamentary approval and could only last for a limited duration, making it a complex measure to apply effectively.
“The areas where galamsey is taking place cover several districts of our country. If we were to declare a state of emergency, we would need to delineate those areas clearly. For now, I believe we have given the security services enough powers to deal with those involved,” Mahama added.
Illegal mining has long plagued Ghana, contaminating rivers, destroying farmlands, and threatening sustainable access to potable water. While government crackdowns have intensified in recent years, the practice remains widespread, putting pressure on the country’s water resources and prompting difficult policy choices.
General News
Agri-Impact CEO Warns: Agriculture Budget Too Small to Drive Ghana’s Economic Transformation

The Chief Executive Officer (CEO) of Agri-Impact Group, Daniel Acquaye, has criticized the government’s allocation to the agriculture sector in the 2025 budget, describing it as inadequate to drive the country’s economic transformation.
Speaking at the PwC post-budget digest in Accra, Mr. Acquaye said only GH¢1.5 billion (about $100 million), representing 0.54 percent of the GH¢279 billion national budget, was set aside for agriculture. He stressed that this amount was insufficient, noting that achieving rice self-sufficiency alone would require over $100 million—equivalent to the entire agricultural allocation.
He warned that the underfunding contradicted government’s stated objective of making agriculture the backbone of economic growth.
Mr. Acquaye urged government to establish an Agriculture Fund, similar to the Ghana Education Trust Fund (GETFund), to guarantee sustainable financing for the sector. According to him, while education produces skilled labour, there is little investment in industries such as agriculture that can employ those graduates. Proper funding, he argued, would tackle youth unemployment, boost food security, and stimulate rural economies.
“A billion dollars from agriculture creates more jobs and opportunities than the same amount from oil or mining,” Mr. Acquaye emphasized.
The call aligns with the Malabo Declaration under the Comprehensive African Agricultural Development Programme (CAADP), where African Union members—including Ghana—committed to allocating at least 10 percent of national budgets to agriculture and achieving six percent annual growth in the sector.
Meanwhile, PwC Ghana’s Senior Country Partner, Vish Ashiagbor, noted that although the agriculture allocation looked small, complementary projects such as the GH¢10 billion “Big Push” for infrastructure and planned agri-zones could indirectly support the sector. He described the 2025 budget as a “good start,” but cautioned that effective implementation would be key to realizing its intentions.
On the increase in the Growth and Sustainability Levy to three percent, Mr. Ashiagbor expressed concern that sudden tax hikes could destabilize mining companies’ long-term planning, though he acknowledged government’s pressing need to raise revenue in a tight fiscal space.
Both speakers agreed that while the budget signaled intent, a stronger focus on execution and sustainable sector-specific funding was crucial to unlocking agriculture’s full potential in Ghana’s economy.
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