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Business News Mon, 14 Oct 2019

Newmont contributes close to US$1bn to Ghana’s economy in 2018

As part of measures to create sustainable value through its operations and a move to contribute in building a sound socio-economic impact, Newmont Goldcorp Ghana injected US$987.7 million into Ghana’s economy in 2018.

This was revealed by the Senior Manager, Sustainability and External Relations of Newmont Goldcorp Akyem Mine, Mr. Derek Boateng during a working visit to the facility in the Birim North district of the Eastern Region.

The facility was channeled into local content capacity development, micro credit assistance for small businesses, alternative livelihood training and other equally important projects.

These projects are contributing largely to the socio-economic development of the country.

Most importantly, in the current business ecosystem that exists in the country, small and medium sized enterprises do not only need access to expertise, business to business networking and an effective policy guidelines to enable businesses thrive but also, access to credit is seen as one sure way to promote the safety and growth of businesses

Speaking with the Goldstreet Business during the visit – in partnership with the Ghana Chamber of Mines – Mr. Boateng reiterated that the company was committed to spend within the same range this year and might consider increasing their spending in the subsequent years as and when necessary. This was corroborated by the General Manager of the company, Mr. Justice Fenteng.

Working visit

The event was organized by the Ghana Chamber of Mines in partnership with Newmont Goldcorp Akyem Mine to shed more light on the company’s reforestation commitment project and biodiversity programme it earlier initiated with the Forestry Commission.

In effect, the company’s commitment to reforest three times more than the area its activities have impacted has largely been commended by the Forestry Commission as this goes a long way to demonstrate the company’s credentials in environmental friendliness and responsibility, biodiversity and establishment of ecosystem services.

Source: goldstreetbusiness.com