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๐Ÿ‡ฌ๐Ÿ‡ญ Ghana /Economy & Trade

Renew Gold Fields lease in national interest, Huniso stakeholders

From Ghanaian Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Local youth groups and opinion leaders in Ghana's Huniso and surrounding communities support the renewal of Gold Fields Ghana Limited's lease for the Tarkwa Mine.
  • They urge the government to prioritize national and community interests, arguing that foreign direct investment is crucial for sustainable mining.
  • Concerns are raised about the economic viability and potential risks of local ownership proposals, with warnings of job losses and reduced state revenue if the lease is not renewed.

Stakeholders in Ghana's Huniso and surrounding communities are rallying behind the renewal of Gold Fields Ghana Limited's lease for the Tarkwa Mine. Youth groups and opinion leaders have launched a campaign titled "Gold Fields Must Stay for 20 Years," urging the government to prioritize national and community interests over what they term "sectional considerations" in the ongoing lease renewal discussions.

Gold Fields Must Stay for 20 Years

โ€” Local youth groups and opinion leadersThe slogan of the campaign launched by community stakeholders supporting the lease renewal.

Representatives from Huniso, Tebe, and Abekoase argue that proposed "Apinto Shared Prosperity Proposals" for local ownership are misleading and could jeopardize the stability and growth of the mining communities. They assert that foreign direct investment, when properly regulated, remains the most reliable engine for sustainable industrial mining operations.

Nana Kwasi Ansah, the Abokomahene of Huniso, strongly rejected calls from the Apinto Division to deny Gold Fields a lease extension and transfer the mine to local ownership. He described such a proposal as economically unviable and warned against an attempt to "hijack a vital national asset for private gain" under the guise of local control. Ansah emphasized that mining requires significant capital, advanced technical expertise, and adherence to international environmental standards, which he believes an untested local entity cannot guarantee at the scale of the Tarkwa Mine.

Mining is not trial-and-error corporate governance. It would be unrealistic for an untested, wholly Ghanaian-owned entity or state vehicle to take over and maintain the scale, safety and operational efficiency of the mine.

โ€” Nana Kwasi AnsahThe Abokomahene of Huniso expressing concerns about local ownership proposals.

Instead of replacing the established operator, the groups advocate for enhanced transparency, expanded local procurement, job security guarantees, and binding infrastructure commitments. They caution that disruptions to foreign investment in the sub-region have led to economic setbacks in the past. Nana Ansah warned that approximately 4,000 direct workers and subcontractors could face job losses if the lease is not renewed, and the state risks losing hundreds of millions of dollars in royalties, taxes, and dividends. He also countered claims that Gold Fields has not contributed to host communities, citing support for small and medium enterprises, employment, and development projects.

While no mining operation is without environmental and social challenges, it is factually incorrect to say Gold Fields has contributed nothing to host communities.

โ€” Nana Kwasi AnsahThe Abokomahene of Huniso defending Gold Fields' contributions to local communities.
DistantNews Editorial

Originally published by Ghanaian Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.