The Government of Ghana and Goldfields Ghana Limited have reached an agreement on a transitional plan for the Damang Mine, securing a 12-month mining lease to maintain operations as long-term plans are developed.
In a statement on April 23, 2025, the Presidency confirmed that the lease will be granted to Abosso Goldfields Limited, a subsidiary of Goldfields, and will require parliamentary approval in May.
Felix Kwakye Ofosu, the spokesperson for the President and Minister for Government Communications, emphasized that this transition is a strategic step forward.
“Goldfields will resume open-pit mining during the transition while safeguarding jobs and conducting feasibility studies,” he stated.
Additionally, a joint management team from both the government and Goldfields will oversee the continued processing of existing stockpiles. Both parties are committed to ensuring a smooth transition and eventual transfer of the mine to Ghanaian ownership.
Looking to the future, discussions are already underway regarding the lease renewal for the Tarkwa mine in 2027.
The government and Goldfields have pledged to collaborate on making Ghana’s mining sector more attractive for investment.
