Mining giant Gold Fields is set to invest more than $200 million in its mining operations in the country.

This is part of plans to expand the company’s operations in the country, the visiting Group Chief Executive, Chris Griffith, told JoyBusiness.

He explained that the move demonstrates Ghana's significant role in the group.

“We have just come off a very big investment of $360 million in the mine, but the mine still got quite a short life, so we will be looking at where the next investment of the mine comes from.

"The debt lodge you can depend on the success of the investment project to look at where the next investment will be,” he said.

Responding to calls by some stakeholders for extractive firms to contribute more taxes to the state, he said, “I think both ourselves and government do have a role to explain to the general populace that actually the mining companies do pay very high taxes”.

The firm is making a case for a stable fiscal economy and a favourable business environment for mining firms and investors.

"My message of course to Ghana is that through difficult times it is very important to not chop and change the rules so companies will be confident that they can invest in countries because attractive mining jurisdictions get attractive capital...keep the tax regime stable, and you will find more investment and ultimately the country benefits much more as a result of that,” he stated.