Gold Fields presents ¢120.7m dividend to government

Gold Fields Ghana Ltd has presented a cheque for ¢120.7 million as dividend to government through the Ministry of Lands and Natural Resources for the 2020 financial year.

Sector Minister, Samuel Abu Jinapor received the cheque on behalf of government and said he is determined to work closely with large scale mining companies in order to ensure that President Akufo-Addo’s goal on mining is fulfilled.

“We will create a conducive environment for mining operations to strive”, he said.

According to him, government is ready to support Gold Fields Ghana Ltd as well as other large scale mining companies in the country and urged other mining companies to emulate them.

“It is very crucial to receive money for government around this time. This will support government’s economic recovery efforts at this time of the COVID-19 pandemic’’.

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

Mr. Baku said Goldfields 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 the challenges within the mining sector and pledged the company’s firm commitment to all of its stakeholders, including government, communities, employees, and investors.

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