Ghanaian Chronicle

Gold Fields pays dividend to Gov’t

Date published: December 21, 2010

With Masahudu Ankiilu Kunateh

Gold Fields Ghana Ltd has presented a cheque of $5 million to the Government of Ghana.  This brings to $10 million the total dividend paid to the Ghanaian government in 2010.

Gold Fields is a major contributor to government revenue in other respects.  In the 11 months to November 2010, Gold Fields Ghana Ltd and Abosso Goldfields Ltd paid taxes – royalties, corporate tax, National Reconstruction Levy, and PAYE of over $ 110 million.

The Executive Vice President for Gold Fields West Africa Region, Mr Peter Turner , made this known when he presented the cheque of $ 5 million to the Minister of Mines and Natural Resources, Alhaji Collins Dauda, at a short ceremony in Accra.

Speaking at the ceremony, Mr Turner remarked that Gold Fields is proud of its contribution to Government’s revenue and the development of Ghana.

He intimated that Gold Fields will continue to work with all stakeholders in the industry and will continue to contribute significantly to the government’s national agenda.’

Receiving the cheque on behalf of the Government of Ghana, the Minister of Mines and Natural Resources said, “As a sector minister, I’m impressed by the performance and operations of Gold Fields Ghana.

Your contribution and huge financial support to the senior national team, the Black Stars is really commendable”.

“I must say that, concerning the stability agreement, Gold Fields Ghana has not been treated fairly by the Government”, Alhaji Dauda added.

He assured Mr. Peter Tuner and his team to count on his outfit and the Ministry of Finance to fast track the process of the coverage of the Stability Agreement.

Present at the ceremony include Mrs Pamela Djamson-Tettey, Director of Corporate Affairs and Sustainable Development, Mr. Martin Ahorney, Finance Director of Gold Fields Ghana, Mr. Cobbrah from the Ministry of Finance and Directors of the Mines and Natural Resources ministry.

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