The Ministry of Lands and Natural Resources has outlined measures to safeguard jobs and ensure uninterrupted operations at the Damang Mine as its current lease approaches expiry.

In a statement dated March 24, the Ministry said the Damang Mining Lease, held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited, will expire on April 18, 2026, following a one-year extension.

Transition plan underway

The government said it considers the Damang Mine a critical national asset with the capacity to continue making significant contributions to Ghana’s gold output, export earnings and employment.

To ensure continuity beyond the lease period, the Ministry indicated that steps had been initiated to protect jobs, sustain service contracts and reassure key stakeholders. The measures are part of a broader plan to secure a credible investor and operator through a competitive bidding process.

Focus on long-term value

According to the Ministry, the approach is designed to guarantee the mine’s sustained contribution to national development while promoting long-term Ghanaian-centred ownership and investment.

It further assured that throughout the transition, efforts would be made to ensure the mine continues to deliver lasting benefits to host communities and the country.

The Ministry reaffirmed its commitment to transparency and responsible stewardship, expressing confidence that the next phase of operations would strengthen the mining sector and support sustainable, Ghanaian-driven growth.