The Ministry of Lands and Natural Resources has informed the public that the Damang Mining Lease, currently held by Abosso Goldfields Limited—a subsidiary of Goldfields Limited—is set to expire on 18th April 2026, following a one-year extension.
The government emphasises that the Damang Mine remains a vital national asset, capable of continuing to contribute substantially to Ghana’s gold production, export revenues, and employment.
To ensure a smooth transition after the lease expiry, authorities have initiated measures to safeguard jobs, maintain service contracts, and reassure all stakeholders.
These actions are part of a broader plan to secure a credible investor and operator through a competitive bidding process, ensuring the mine’s continued role in national development and promoting long-term Ghanaian-centred ownership and investment.
The Ministry underscores its commitment to ensuring that the Damang Mine continues to deliver lasting value to host communities and the nation.
“As we advance this transition, the government is dedicated to transparency, responsible stewardship, and strengthening Ghana’s mining sector.
This process is aimed at reinforcing our broader vision for sustainable, Ghanaian-driven growth while maintaining our reputation as a leading destination for responsible foreign investment,” said Emmanuel Armah-Kofi Buah, MP, Minister of Lands and Natural Resources.
The Ministry looks forward to ushering in a new chapter for the Damang Mine, ensuring it continues to contribute meaningfully to Ghana’s economic and social development.
