The Ministry Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has assured that due process will be followed in granting another lease for the Damang Mine held by Abosso Goldfields Limited, a subsidiary of Goldfields limited.
The current lease expires on 18th April 2026 after a one-year extension and the Lands Minister in a press release has assured of transparency in all processes regarding the future of the mine.
“Government firmly believes that the Damang Mine remains a key national asset that can continue contributing significantly to Ghana’s gold production, export earnings, and employment,” he said in the statement dated March 24.
According to Mr Buah, “To ensure continuity after the lease expires, Government has initiated measures to safeguard jobs, maintain service contracts, and reassure stakeholders. These steps form part of efforts to secure a credible investor and operator through a competitive bidding process, ensuring the mine’s continued contribution to national development and advancing long-term Ghanaian-centered ownership and investment.”
He further assured of Government’s commitment “to ensuring that the Damang Mine continues to deliver lasting value for the host communities and the nation at large.
He reiterated the Ministry’s dedication to transparency and responsible stewardship throughout this process “and look forward to ushering in a new chapter for the Mine- the one that strengthens Ghana’s mining sector and reinforces the Government’s broader vision for a sustainable Ghanaian-driven growth, while preserving the country’s strong reputation as a leading destination for responsible foreign investment.”
