Newmont Africa has concluded discussions with government, traditional authorities and community stakeholders and commenced payment for removing over 8,000 speculative unauthorised structures in the $850 million Ahafo North Mining Project.
An Inter-Agency Committee led by the Deputy Minister of Lands and Natural Resources responsible for mining and the Ahafo Regional Minister, with the support of officials from the Minerals Commission, Environmental Protection Agency, and Newmont Africa, led the discussion to commit GHc45 million in relief payment with community leaders and representatives of the unauthorised structures in the project area.
“The agreed one-off payments will promote community peace and security of the Ahafo North Project. We will not tolerate any further development of unauthorized structures which adversely affects company-community relations and discourages mining investment in the country,” George Mireku Duker (MP) said.
Adding that government was hopeful that the project would commence soon and create significant value, including employment, business opportunities, infrastructure, and socio-economic development, as well as increased revenue in taxes, royalties and forex inflows.
On his part, George Boakye, the Ahafo Regional Minister said, “though the structures were unauthorized, Newmont had agreed to government’s recommendation to offer a relief payment package in the interest of peaceful co-existence with its host communities.”
He added that he was certain that the Project would commence soon and create local employment, community development and business opportunities.
The Newmont Corporation Board of Directors approved full funds for Ahafo North Project in July 2021. David Thornton, Regional Senior Vice President, Newmont Africa Operations, said the company is “committed to collaborating with the government, our host communities and other stakeholders to ensure the Ahafo North Project will continue and create sustainable value along with opportunity for all stakeholders”.
Newmont Africa expressed appreciation to the Ghana government, the Asantehene, Nananom, regulators, traditional authorities, youth leaders and community stakeholders for their collaboration in agreeing to a long-term sustainable outcome to commence sustainable development of the Ahafo North Project.
Latest Stories
-
Syria’s minorities seek security as country charts new future
5 minutes -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
12 minutes -
German police probe market attack security and warnings
13 minutes -
Grief and anger in Magdeburg after Christmas market attack
14 minutes -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
1 hour -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
1 hour -
Top 20 Ghanaian songs released in 2024
2 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
2 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
2 hours -
Kudus sights ‘authority and kingship’ for elephant stool celebration
2 hours -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
3 hours -
Nana Aba Anamoah, Cwesi Oteng special guests for Philip Nai and Friends’ charity event
3 hours -
Environmental protection officers receive training on how to tackle climate change
3 hours -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
4 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
4 hours