Fiifi Boafo questions gov’t over refusal to renew Goldfields’ Damang Mining lease

Fiifi Boafo, the former Corporate Affairs Manager for Ghana COCOBOD, has raised concerns. He questions why the government did not renew Goldfields' mining lease for the Damang mine.

Boafo wonders if there is a hidden agenda behind this decision. He shared his thoughts on social media, expressing worry about its impact on investor confidence in Ghana. Allegations suggest some mining companies are leaving the country out of frustration.

He finds it troubling that this decision could harm employees and local communities. These groups have benefited from Goldfields over the years.

In his post, he asked several questions: Why is Goldfields struggling to renew its lease? Is someone trying to take over the mine? What will happen to investor confidence? Who benefits from refusing the lease renewal—the government, employees, or locals?

In background news, Goldfields' application for an extension of their lease has been rejected by the government. A memo to staff stated that their lease expires on April 18, 2025. Despite efforts to renew it, they have been unsuccessful.

Goldfields is currently engaging with the Lands and Natural Resources Minister to resolve this issue. Meanwhile, they have advised workers to prepare for the expiration of their mining lease.