Ghana Chamber of Mines raises concerns over Damang lease rejection

The Ghana Chamber of Mines has expressed concern following the government's decision to decline the lease renewal application for Gold Fields’ Damang Mine.

In a statement released on April 15, the Chamber acknowledged the government’s authority in granting and renewing mining leases, noting that such decisions are vital to ensuring the sustainable and responsible utilisation of the country’s mineral resources.

However, the Chamber cautioned that decisions of this nature carry wide-reaching implications for the mining sector, investor confidence, and the broader economic development of the nation.

“The mining sector remains a cornerstone of Ghana’s economy, contributing significantly to employment, foreign exchange earnings, and national revenue. In 2024 alone, gold exports brought in approximately US$11.5 billion, accounting for over 50% of the country’s total export earnings,” the statement emphasised.

The Chamber urged the government to consider the potential unintended consequences that may arise from such decisions, stressing the need to avoid negative outcomes that could affect all stakeholders involved.

It added that maintaining a predictable and transparent regulatory environment is essential to attracting and sustaining the investments needed to support long-term growth in the mining industry.

Reaffirming its commitment to constructive engagement, the Chamber called on all parties to engage in open, transparent dialogue to understand the rationale behind the decision and to work collaboratively towards a fair and pragmatic resolution.

The statement concluded by reaffirming the Chamber’s dedication to supporting responsible and sustainable mining through continued collaboration with the government, regulators, and industry partners — to ensure outcomes that serve the interests of both Ghanaian citizens and investors alike.

Read the full statement below