Business News of 2014-06-14

AngloGold Trust Fund commissions education projects

AngloGold Ashanti (AGA) has commissioned a number of school classroom blocks and teachers housing units in Obuasi as part of its commitment to furthering education in the communities surrounding its areas of operation.

The school buildings and teachers’ accommodation, valued at around GHC600,000 were commissioned on Friday June 6 at a ceremony attended by stakeholders, AGA executives and school children from the surrounding districts. Work on the projects began last year after a formal sod-cutting ceremony.

“We are focusing on education because it is the key to the opportunities in this tough and highly competitive world. We can improve our circumstances, uplift ourselves from poverty and become what we want to be if we take advantage of what modern education can offer us”, said Fred Attakumah, Managing Director of AGA’s Obuasi mine. Over the years, AngloGold Ashanti has supported a variety of educational projects and built more than 12 schools for the people in the communities of the Obuasi mine.

The firm sponsors the AngloGold Ashanti/ Kwame Nkrumah Lectures, which are organized annually with The Institute of African Studies of the University of Ghana, Legon.

Disbursements from the fund have also been used to build a hostel for Komfo Anokye Medical School and to donate hundreds of computers and eight mini buses to schools in the area.

AGA set up the 'AGA Obuasi Community Trust Fund’ in September 2011 with seed funds of US$2.5M.

The fund seeks to strengthen the social contract between AGA and its communities by improving living conditions.