Gold Fields Ghana Limited has presented a cheque for GH¢120.7 million as dividend to government through the Ministry of Lands and Natural Resources for the 2020 financial year.
Sector Minister Samuel Abu Jinapor received the cheque on behalf of government.
He reaffirmed his determination to work closely with large scale mining companies in order to ensure that President Nana Akufo-Addo’s goal on mining is fulfilled.
“We will create a conducive environment for mining operations to strive”, Mr Jinapor said.
According to him, government is ready to support Gold Fields Ghana Limited as well as other large-scale mining companies in the country and urged other mining companies to emulate them.
“It is very crucial to receive money for government around this time. This will support government’s economic recovery efforts at this time of the COVID-19 pandemic’’, added.
The Executive Vice President and Head of Gold Fields Ghana Ltd (West Africa), Alfred Baku said Gold Fields Ghana will continue to keep its promise to government despite the challenges facing the mining sector.
He pointed out that Goldfields had made significant contribution to Ghana’s economy not only by way of paying taxes, dividends and royalties, but also through offering direct and indirect employment.
Mr Baku acknowledged the challenges within the mining sector and pledged the company’s firm commitment to all of its stakeholders, including government, communities, employees, and investors.
Government has a 10% carried interest in all large scale mining companies including Gold Fields Ghana Limited.