The Ministry of Lands and Natural Resources has announced plans to safeguard employment and maintain uninterrupted operations at the Damang Mine.
It will also ensure competitive bidding process to secure credible investor and operator to enhance national development as the mines’ current lease nears expiration.
In a statement issued on March 24, 2026 the Ministry confirmed that the Damang Mining Lease, held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited, is set to expire on April 18, 2026 following a one-year extension.
Describing the mine as a vital national asset, the government emphasised its continued importance to Ghana’s gold production, export revenue and job creation.
To ensure a smooth transition beyond the lease period, authorities have initiated measures aimed at protecting jobs, maintaining existing service contracts and reassuring workers and stakeholders.
The Ministry indicated that these steps form part of a broader strategy to attract a credible investor and operator through a competitive bidding process to take over the mine’s operations.
According to the Ministry, the planned transition is intended to secure the mine’s long-term contribution to national development while promoting increased Ghanaian participation in ownership and investment.
It further assured that operations at the mine would continue during the transition period, with deliberate efforts to ensure that host communities and the country at large continue to benefit from its activities.
Reaffirming its commitment to transparency and responsible resource management, the Ministry expressed confidence that the next phase of operations at the Damang Mine would strengthen the mining sector and support sustainable, Ghanaian-led growth.
