Newmont Ghana on August 29, 2018 held a Stakeholder Engagement Forum at the Accra Marriott Hotel to share an overview of the corporations operations and dialogue on how the corporation can employ best practices to positively impact the socio-economic lives of people in the communities they operate in.
Newmont Ghana is Ghana’s largest gold producer with a 2018 consolidated production of 435 – 465 Koz and 380 – 410 Koz at the Ahafo and Akyem mines respectively. These mines were adjudged the best performers in Environmental Management in 2016 with Akyem mines placing first and Ahafo mines coming in second.
Senior Vice President for the Africa region, Alwyn Pretorius said the corporation is operating with a continuous improvement mindset by driving innovation through technology, streamlining production and operational processes, and strengthening business process efficiency.
The Corporation has a competitive advantage through people by providing about 1,953 full time jobs and 3,261 contract jobs. Newmont has 23% of its executive positions occupied by females and supports about 58,000 direct and indirect jobs. Their apprenticeship and learnership programmes also help develop host community talents.
By creating shared value through their operations, Newmont Ghana set up the Newmont Ahafo Development Foundation and Newmont Akyem Development Foundation which have contributed $ 25.2 million since 2007 and $7.7 million since 2013 respectively. These funds have been invested into infrastructure and social amenities projects and fund beneficiaries of scholarships.
Newmont Ghana was named the country’s Overall Largest and Best Taxpayer for 2017. The 2017 payments consisted of GHc 264 million in Corporate Income Tax, GHc138 million in Mineral Royalty, GHc 94 million in Pay As You Earn (PAYE), GHc 56 million in Withholding Tax, and GHc16 million in Forestry Levy.
