News
Government moves to protect jobs as Damang mine lease nears expiry
The Ministry of Lands and Natural Resources has assured Ghanaians that it is taking steps to protect jobs and sustain operations at the Damang Mine as the current lease held by Abosso Goldfields Limited, a subsidiary of Goldfields Limited, expires on April 18, 2026.
In a press release issued on Tuesday, March 24, the Ministry said the Damang Mine remains a key national asset that contributes significantly to Ghana’s gold production, export earnings, and employment.
To ensure continuity after the lease ends, the government has initiated measures to safeguard jobs, maintain service contracts, and reassure stakeholders.
The Ministry noted that these steps are part of efforts to secure a credible investor and operator through a competitive bidding process.
The Ministry emphasized that the transition will be handled transparently and responsibly, with the goal of sustaining the mine’s contribution to national development while promoting Ghanaian-centered ownership and investment.
Minister of Lands and Natural Resources, Emmanuel Kh-Kofi Buah, said the government is committed to ensuring that the mine continues to deliver lasting value for host communities and the nation, reinforcing Ghana’s reputation as a destination for responsible foreign investment.
The Ministry said it looks forward to ushering in a new chapter for the Damang Mine, strengthening the mining sector, and supporting sustainable Ghanaian-driven growth.
By: Jacob Aggrey
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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