Gold Fields pays GHC120.7m dividend to government

Gold Fields Ghana Ltd has presented a cheque for GHC120.7 million to Government as dividend for the 2020 Financial Year.

Minister of Lands and Natural Resources, Samuel Abu Jinapor who received the cheque said the Ministry is determined to work closely with large scale mining companies to fulfil the President’s goal of utilizing the country’s mining resources for the benefit of all Ghanaians.

He said Government will create a conducive environment for mining operations to thrive.

Minister of Lands and Natural Resources, Samuel Abu Jinapor

Mr Jinapor said Government is ready to support Gold Fields Ghana Ltd, as well as other large scale mining companies in the country to operate without any hindrance and urged other mining companies to emulate the Goldfields example.

The Lands and Natural Resources Minister said “It is very crucial for government to receive dividends to support its effort to get the economy back on track during times like the COVID19 pandemic.

Executive Vice President and Head of Gold Fields Ghana Ltd, (West Africa) Alfred Baku, said the Company will continue to keep its promise to Government despite challenges facing the mining sector.

Mr. Baku said Gold Fields had made significant contribution to Ghana’s economy not only by way of paying taxes, dividends and royalties, but also through offering direct and indirect employment.

He acknowledged challenges within the mining sector and pledged the company’s firm commitment to its stakeholders to contribute to Ghana’s development.

Government has a 10 percent carried interest in all large scale mining companies including Gold Fields Ghana Ltd.

STORY BY: FELIX COFIE

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