Gold Fields presents GHC120million dividend to government


Gold Fields Ghana Ltd has presented GHC120.7 million as dividend to the government through the Ministry of Lands and Natural Resources for the 2020 financial year.

Receiving the cheque on behalf of the government, the sector Minister, Samuel Abu Jinapor, said he is determined to work closely with large-scale mining companies to ensure that President Akufo-Addo’s goal on mining is fulfilled.

“We will create a conducive environment for mining operations to strive,” he said.

According to him, the government is ready to support Gold Fields Ghana Ltd as well as other large-scale mining companies in the country, and urged other mining companies to emulate them.

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“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,” Mr Abu Jinapor said.

The Executive Vice-President and Head of Gold Fields Ghana Ltd (West Africa), Alfred Baku, said his outfit would continue to keep its promise to government, despite the challenges facing the mining sector.

Mr Baku said 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.

He 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.

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Government has a 10per cent carried interest in all large scale mining companies including Gold Fields Ghana Ltd.


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