Gold Fields Limited has reported that it has contributed approximately US$2.9 billion to the Ghanaian government in taxes, royalties, and dividends over more than 20 years of operations, the company said in a statement.
Since 2000, Gold Fields has also invested roughly US$5 billion in its Damang and Tarkwa mines, alongside over US$100 million directed toward health, education, infrastructure, and community development projects benefiting local communities.
The announcement comes ahead of the planned handover of the Damang gold mine to the Government of Ghana on 18 April 2026, following an agreement announced in April 2025. The deal included a 12-month lease extension to ensure a smooth and orderly transfer of ownership.
Gold Fields said its operations in Ghana employ over 7,000 people, 99% of whom are Ghanaian, and the company has invested heavily in developing the skills and leadership of its local workforce.
Mining at Damang has continued since May 2025, with the company providing the government a detailed feasibility study in December 2025 to support an extended productive life for the mine.
Mike Fraser, CEO of Gold Fields Limited, said in the statement: “Gold Fields has had the privilege of operating in Ghana for more than 30 years and we are proud of the partnerships that we have built with the Government of Ghana and our host communities over that time.”
Fraser added: “We reiterate the importance of Ghana to Gold Fields, and look forward to continuing our long-standing presence and impact in the country for many years to come.”
Gold Fields said it remains committed to supporting employees, contractors, and host communities throughout the transition, ensuring continuity of operations and sustainable management as the mine changes hands.
