The letter, dated March 12, 2024, and signed by Professor Patrick K. Agbesinyale on behalf of then Lands Minister Samuel Abu Jinapor, followed advice from the Minerals Commission under the Akufo-Addo administration. It stated, “Your company has gained considerable experience in mining, and is currently engaged in contract mining for Abosso Goldfields Limited's Damang Gold Mine. Meanwhile, Ghana is evaluating three bids from local investors to take over Gold Fields’ Damang Gold Mine, which requires an estimated $600 million to $1 billion to revive, according to the Minerals Commission. The government seized control of the mine in April 2023 after rejecting a lease-renewal bid from Johannesburg-based Gold Fields. The Minerals Commission said Gold Fields’ failure to declare verifiable reserves prompted the move, which is part of Ghana’s broader effort to boost local ownership in the mining sector.

Source: GhanaWeb March 19, 2026 13:25 UTC