Tarkwa: The Parliamentary Select Committee on Lands and Natural Resources has commended Gold Fields Ghana for its consistent financial contributions to the state and impactful investments in host communities. The commendation was made during a working visit to the company's Tarkwa Mine, facilitated by the Ghana Chamber of Mines.
According to Ghana News Agency, 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. The payments included 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 contributions as clear evidence of the mining sector's potential to drive economic growth when revenues are efficiently managed. Alhaji Collins Dauda, Chairman of the Committee, praised Gold Fields for its unique record of consistent dividend payments to government. 'Since my tenure as Minister for Lands and Natural Resources, Gold Fields has been the only mining company that has consistently paid dividends to the Government of Ghana. They have a good track record and must be commended,' he noted.
He further urged the Ghana Chamber of Mines to advocate reforms in the disbursement of mineral royalties, lamenting that bureaucratic delays denied traditional authorities and host communities' timely access to critical development funds. Former Youth and Sports Minister, Mr. Mustapha Yusif, also highlighted the company's role in sports development, recalling Gold Fields' sponsorship of the Black Stars during the 2006 FIFA World Cup qualifiers, Ghana's first-ever appearance at the global tournament. He further acknowledged the company's investment in sports infrastructure, including the construction of a stadium he commissioned before leaving office.
'It is important we recognize the role Gold Fields continues to play not only in mining but also in shaping national pride through sports,' he said. The Ghana Chamber of Mines, which coordinated the visit, described the engagement as timely, coinciding with Parliament's ongoing review of portions of the Minerals and Mining Act (Act 703). The Chamber stressed its commitment to fostering dialogue between policymakers and industry stakeholders to promote a stable, competitive, and sustainable mining sector.
Ing. Dr. Kenneth Ashigbey, Chief Executive Officer of the Chamber, reiterated that effective and transparent management of mineral revenues was critical to ensuring that mining benefits reached communities and supported national development. The visit formed part of Parliament's oversight responsibilities, aimed at deepening lawmakers' understanding of mining operations, their challenges, and contributions. It also offered MPs an opportunity to directly assess community development projects spearheaded by Gold Fields.
As one of Ghana's largest gold producers, Gold Fields' strong record in fiscal responsibility and community support continues to position it as a key partner in advancing the nation's development agenda.
