Ghana to use competitive bidding to select new Damang Mine operator

The Government of Ghana has announced measures to protect jobs and ensure continuity of operations at the Damang Gold Mine, as the mining lease held by Abosso Goldfields Limited, a subsidiary of Goldfields Limited, is set to expire on April 18, 2026, following a one-year extension.

In a press release signed by Lands Minister Emmanuel Armah-Kofi Buah on March 24, 2026, the Ministry described the Damang Mine as “a key national asset that can continue to contribute significantly to Ghana's gold production, export earnings, and employment.”

To prevent disruption, the government said it has initiated steps to safeguard jobs, maintain service contracts, and reassure stakeholders ahead of the lease expiration. These measures are part of a broader strategy to secure a credible investor and operator through a competitive bidding process.

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“This process will ensure the mine’s continued contribution to national development and advance long-term Ghanaian-centered ownership and investment,” the Ministry stated.

The Lands Ministry also underscored its commitment to delivering “lasting value for the host communities and the nation at large.”

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It emphasised that the transition will reinforce Ghana’s position as a leading destination for responsible foreign investment.

The government reiterated its dedication to transparency and responsible stewardship, stressing that the process aims to “strengthen Ghana's mining sector and reinforce the Government's broader vision for sustainable Ghanaian-driven growth.”



MA