Parliamentary Select Committee Lauds Gold Fields’ Contributions During Working Visit
The Parliamentary Select Committee on Lands and Natural Resources has commended Gold Fields Ghana for its consistency in delivering strong financial contributions to the state and impactful social investments. This was said during a working visit to the company’s Tarkwa mine, facilitated by the Ghana Chamber of Mines.
Gold Fields disclosed that it paid more than GHS3.27 billion to the Government of Ghana in the first half of 2025, underscoring its commitment to responsible mining and national development.
According to figures presented, the company contributed GHS1.58 billion in corporate taxes, GHS586.5 million in royalties, GHS505.9 million in dividends, GHS295.1 million in withholding tax, GHS120.8 million in VAT, and GHS185.4 million in Pay-As-You-Earn (PAYE) taxes from its Tarkwa and Damang operations.
Committee members described these payments as a strong demonstration of the mining sector’s potential to drive economic growth when revenues are managed efficiently.
Chairman of the Committee, Alhaji Collins Dauda, praised Gold Fields for its consistent record of dividend payments to government.
“Since my tenure as Minister for Lands and Natural Resources, Gold Fields has been the only mining company that consistently paid dividends to the Government of Ghana. They have a good track record and must be commended for it,” he said.
He further urged the Ghana Chamber of Mines to spearhead advocacy for reforms in the disbursement of mineral royalties. He lamented the bureaucracy in disbursing royalties, stressing that delays deny traditional authorities and host communities timely access to much-needed development funds.
Former Minister for Youth and Sports, Mustapha Yusif, also recounted the company’s pivotal role in sports development in Ghana. He said Gold Fields’ sponsorship was crucial in enabling the Black Stars to qualify for the 2006 FIFA World Cup, Ghana’s first-ever appearance at the global football tournament.
He also acknowledged the company’s investment in sports infrastructure, noting that before leaving office as Minister of Sports, he had commissioned a sports stadium built by Gold Fields. “It is important we recognize the role Gold Fields continues to play not only in mining but in shaping national pride through sports,” he remarked.
The Ghana Chamber of Mines, which coordinated the working visit, described the engagement as timely, coming at a period when Parliament is reviewing portions of the Minerals and Mining Act (Act 703). The Chamber emphasized its commitment to fostering dialogue between policymakers and industry players to ensure a stable, competitive, and sustainable mining sector.
CEO of the Chamber, Ing. Dr. Kenneth Ashigbey reiterated that effective and transparent management of mineral revenues remains essential for ensuring mining’s benefits reach communities and contribute to national development.
The visit formed part of Parliament’s oversight responsibilities to better understand the operations of mining companies, their challenges, and their contributions. It also afforded lawmakers the opportunity to interact directly with community development initiatives spearheaded by Gold Fields.
As one of Ghana’s largest gold producers, Gold Fields’ track record in fiscal responsibility and community support continues to position it as a key partner in the country’s development agenda.
