As the Damang Mine lease approaches its scheduled expiry on 18 April 2026, the Government of Ghana has unveiled measures to protect jobs and maintain uninterrupted operations at one of the country’s key gold-producing assets.
Minister of Lands and Natural Resources, Emmanuel Armah Kofi Buah, confirmed that the lease currently held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited, will lapse following the completion of a one-year extension granted by the state.
In a press statement, the ministry emphasized that the Damang Mine “remains a key national asset” with significant potential to contribute to gold production, foreign exchange earnings, and employment in the Western Region.
Officials said the government has initiated measures to safeguard jobs and maintain essential service contracts in anticipation of the lease’s expiration. These actions are intended to support a competitive bidding process aimed at attracting a credible investor capable of operating the mine efficiently beyond the transition period.
“The government’s approach seeks to balance operational stability with long-term, Ghana-centered investment,” the statement noted. “This ensures that the mine continues to contribute to national development while fostering local participation and ownership in the sector.”
The ministry stressed that the continuity of operations, protection of service agreements, and certainty for workers are key priorities during the transition. By maintaining production and securing the supply chain, the government aims to prevent any disruption that could affect employment and regional economic activity.
Transparency and accountability are central to the process, with officials pledging that the Damang Mine transition will align with national development objectives and promote sustainable, Ghana-driven growth in the mining sector.
