Gold Fields has reported that it had invested nearly US$5 billion in Ghana over the previous 30 years.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Gold Fields has disclosed that it has invested approximately US$5 billion in Ghana over the past 30 years, revealing that more than 70 per cent of revenue generated from its operations remains within the country.

Gold Fields, whose Tarkwa Mine has featured prominently in discussions on foreign participation, resource nationalism and local ownership, says its contribution to Ghana extends beyond gold production to include taxes, procurement, employment and community development.

The company also announced plans to invest more than US$1 billion in fresh capital over the next three to four years, signaling continued confidence in Ghana’s mining sector despite heightened scrutiny of the industry’s future direction.

Source: newsthemegh.com