Banson revealed that while Parliament had granted a one-year extension to allow for a smooth transition, Gold Fields failed to meet the statutory requirements for a further renewal. “It is not true that the government suddenly decided not to renew the lease for Gold Fields. The fact is that the Gold Fields lease actually expired last year. Banson disclosed that E&P emerged as the preferred operator because they committed to a ten-year mine extension plan involving a massive $1.2 billion investment. Gold Fields didn't just stop mining; they reached the end of their structured mine plan,"he maintained.

Source: GhanaWeb April 11, 2026 20:42 UTC