BUSINESSNEWS

Newmont Ghana donates over GH₵110 million as dividends to Government

Newmont Ghana limited has presented a dividend cheque for GH₵ 110,781,444.45 to the Government of Ghana through the Ministry of Lands and Natural Resources.

Newmont Ghana limited has presented a dividend cheque for GH₵ 110,781,444.45 to the Government of Ghana through the Ministry of Lands and Natural Resources.

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The amount which represents Government’s free carried interest for this year in the company was presented to the Ministry on Tuesday, October 12, 2021in Accra.

Receiving the dummy cheque, the Hon. Minister for Lands and Natural Resources, Samuel A. Jinapor reiterated Governments resolve to foster closer collaboration with all stakeholders in the mining sector.

He re-echoed the vision of the President of the Republic, H. E Nana Addo Dankwa Akufo-Addo to make Ghana the Mining hub of Africa and also build a mining industry that retains value in country.

Hon. Jinapor said measures have been put in place to ensure greater partnership between Government and mining companies for the benefit of all parties.

He commended the company for the presentation and encouraged the entity to make the dividend payment a yearly affair.

“The work Newmont does especially the adherence to environmental protocols and carrying communities along is highly appreciative and I want to encourage you to do more”, he said.

He, therefore, called on other mining companies to emulate Newmonts gesture and follow suit.

The Regional Senior Vice President of Newmont Africa, Mr. Francois Hardy reaffirmed the company’s commitment to Ghana adding that, “We are growing our operations here for the benefit of all stakeholders”.

He also used the opportunity to appreciate the ongoing collaboration between the Ministry and Newmont and called for further support from Government, Stakeholders, Communities to help bring the Ahafo North project into fruition.

Mr. Hardey said that despite the Covid 19 pandemic that affected economic activities globally, the company plays the necessary interventions to keep it work force and communities safe.

“Lessons learnt during the pandemic has exposed us to new ways of operating and hence our ability to be able to present the 2021 dividend to Government”, he concluded.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: freedomradiogh.com

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