The Ministry of Lands and Natural Resources has assured Ghanaians that it is taking steps to protect jobs and sustain operations at the Damang Mine as the current lease held by Abosso Goldfields Limited, a subsidiary of Goldfields Limited, expires on April 18, 2026.
In a press release issued on Tuesday, March 24, the Ministry said the Damang Mine remains a key national asset that contributes significantly to Ghana’s gold production, export earnings, and employment.
To ensure continuity after the lease ends, the government has initiated measures to safeguard jobs, maintain service contracts, and reassure stakeholders.
The Ministry noted that these steps are part of efforts to secure a credible investor and operator through a competitive bidding process.
The Ministry emphasized that the transition will be handled transparently and responsibly, with the goal of sustaining the mine’s contribution to national development while promoting Ghanaian-centered ownership and investment.
Minister of Lands and Natural Resources, Emmanuel Kh-Kofi Buah, said the government is committed to ensuring that the mine continues to deliver lasting value for host communities and the nation, reinforcing Ghana’s reputation as a destination for responsible foreign investment.
The Ministry said it looks forward to ushering in a new chapter for the Damang Mine, strengthening the mining sector, and supporting sustainable Ghanaian-driven growth.
By: Jacob Aggrey
