Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah
The Ministry of Lands and Natural Resources has announced a series of measures aimed at protecting jobs and ensuring operational continuity at the Damang Mine, as its current lease approaches expiration.
In a press release issued yesterday, and signed by the Minister, Emmanuel ArmahKofi Buah, the Ministry disclosed that the Damang Mining Lease, held by Abosso
Goldfields Limited, a subsidiary of Goldfields Limited, “expires on 18th April 2026 after a one-year extension.”
The Ministry underscored the strategic importance of the mine to the national economy, stating that “Government firmly believes that the Damang Mine remains a key national asset that can continue contributing significantly to Ghana’s gold production, export earnings, and employment.”
Transition measures
To avert disruptions and uncertainty among workers and stakeholders, government said it had begun implementing transition measures ahead of the expiry date. According to the statement, “Government has initiated measures to safeguard jobs, maintain service contracts, and reassure stakeholders.”
These interventions, the Ministry explained, formed part of a broader plan to secure a new operator for the mine under a transparent process. It noted that the transition would involve “efforts to secure a credible investor and operator through a competitive bidding process,” with the objective of sustaining the mine’s role in national development.
The government further signaled its intention to deepen local participation in the mining sector, indicating that the process would advance “long-term Ghanaiancentered ownership and investment.”
Assurance
While acknowledging the transition phase, the Ministry assured host communities and the general public that the mine would continue to deliver benefits. “Government remains committed to ensuring that the Damang Mine continues to deliver lasting value for the host communities and the nation at large,” the statement emphasised.
Reaffirming its approach, the Ministry pledged openness and responsible management throughout the process. It reiterated its “dedication to transparency and responsible stewardship,” expressing optimism about “ushering in a new chapter for the Mine” that would strengthen Ghana’s mining sector.
The statement also highlighted government’s broader vision of promoting sustainable growth while maintaining investor confidence, noting that the transition would reinforce “the Government’s broader vision for a sustainable Ghanaian-driven growth, while preserving the country’s strong reputation as a leading destination for responsible foreign investment.”
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