The government is taking steps to secure a credible investor and operator through a competitive bidding process for the Damang Mine.
The move is aimed at ensuring the continuity of operations at the mine after its lease expires on April 18, 2026.
The Minister of Lands and Natural Resources, Emmanuel Armah-Ko Buah, who disclosed this in a statement issued by the ministry in Accra yesterday and copied to the Ghanaian Times, said the Damang mining lease, held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited, expires on April 18, 2026, after a one-year extension.
He said the government had initiated measures to safeguard jobs, maintain service contracts and reassure stakeholders.
That, he explained, was to ensure that the mine continued to contribute to national development while advancing long-term Ghanaian-centred ownership and investment.
Mr Buah said the Damang Mine remained a key national asset, contributing significantly to Ghana’s gold production, export earnings and employment.
“As government advances this transition, it remains committed to ensuring that the Damang Mine continues to deliver lasting value for the host communities and the nation at large,” the minister stated.
Mr Buah reiterated the ministry’s dedication to transparency and responsible stewardship throughout the competitive bidding process to secure a new investor for the mine.
“We look forward to ushering in a new chapter for the mine, one that strengthens Ghana’s mining sector and reinforces the government’s broader vision for sustainable Ghanaian-driven growth, while preserving the country’s strong reputation as a leading destination for responsible foreign investment,” he added.
BY TIMES REPORTER
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