Business News of Tue, 11 Sep 20181

Gold Fields Ghana recognised for its exceptional local content strategy

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Gold Fields Ghana recognised for its exceptional local content strategy

Gold mining company, Gold Fields Ghana, (GFG) received two awards for its efforts in promoting Ghanaian businesses and boosting the local economy at the maiden edition of the Ghana Procurement and Supply Chain Awards.

GFG picked up the awards for Excellence in Procurement and Supply Chain (Mining), and Local Content and Supplier Development at a ceremony held in Accra.

Thirty-seven (37) individuals and institutions were recognized for their contributions to the industry with President Akufo-Addo receiving the Outstanding Leadership Award for his “visionary leadership and unflinching determination to transform procurement and supply chain thinking in Ghana”.

Receiving the award on behalf of President Akufo-Addo, Minister of State in charge of Public Procurement Sarah Adwoa Sarfo stressed the president’s commitment to enhancing the public procurement process.

“President Akufo-Addo has taken an extreme interest in improving and enhancing procurement processes, procedures and rules of our country. Our mandate is to advice the president and develop new policies that would assist government set the proper strategies in procurement to enhance implementation.”

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The Ghana Procurement and Supply Chain Awards seeks to honour companies and organisations that support the development of Ghanaian businesses by purchasing goods and services from them.

Gold Fields Ghana’s local content strategy ensures that more than 80% of the company’s procurement expenditure goes to local contractors and suppliers.



“At Gold Fields, we have a comprehensive supplier development programme which focuses on building the capacity of local suppliers,” said Theophilus Otchere, Head of Supply Chain for Gold Fields’ operations in Ghana. We see our efforts yielding results as local businesses continue to grow, labour skills are improved and more jobs are created."

Gold Fields Ghana, which has operating mines in Tarkwa and Damang in the Western Region, believes that strengthening the local supply chain is critical to the development of local economies, as well as the broader Ghanaian economy.

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