Gold Fields Ghana Ltd has presented a cheque for ¢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 and said he is determined to work closely with large scale mining companies in order 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, 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.
"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’’.
The Executive Vice President and Head of Gold Fields Ghana Ltd (West Africa), Alfred Baku said Gold Fields Ghana Ltd will 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.
Government has a 10% carried interest in all large scale mining companies including Gold Fields Ghana Ltd.
Latest Stories
-
EU expresses confidence in Ghana’s rejection of Anti-LGBTQI legislation
32 seconds -
UK to improve access to life-saving malaria drugs for the most-affected countries
9 mins -
Newey to leave Red Bull over Horner allegations
14 mins -
Fifa announces deal with Saudi oil company Aramco
14 mins -
Free SHS: It takes time to review a policy – Tsiboe-Darko
18 mins -
Spanish prosecutors ask judge to scrap case against PM Pedro Sánchez’s wife
29 mins -
Kwabena Fori releases ‘Let Me Go’ ahead of ‘Tuesday’ EP
31 mins -
Story of a survivor championing patient-led approach to dealing with NCDs in Ghana
42 mins -
Haiti’s PM Ariel Henry resigns as transitional council is sworn in
1 hour -
Unforgettable stories from Primary School English text books
1 hour -
Jodie Comer to star in 28 Days Later sequel
1 hour -
CAFCC: GH₵36k for Baba Yara Stadium usage was for GFA, not Dreams FC – NSA clarifies
1 hour -
‘Lost’ Gustav Klimt painting sells for €30m
1 hour -
CAFCC: Zamalek arrive in Kumasi ahead of second leg against Dreams FC
1 hour -
Megan Thee Stallion: Cameraman accuses rapper of ‘hostile’ workplace
1 hour