Gold Fields' Massive GHS 1.5 Billion Remittance to Ghana: A Boost to the Economy

Gold Fields Ghana Remits Over GHS 1.5 Billion to Government in Q1 2025 Gold Fields Ghana, a leading mining company, has announced a significant contribution to the Ghanaian government exceeding GHS 1.5 billion in the first quarter of 2025. This substantial remittance underscores the company's considerable economic impact on the country. The company's transparency is evident in the detailed breakdown of their contributions, which includes corporate taxes, dividends, royalties, and withholding taxes. From their Tarkwa mine, they remitted GHS 511.9 million in corporate taxes, GHS 294.5 million in dividends, GHS 194.3 million in royalties, and GHS 163.6 million in withholding tax. Their Damang mine contributed GHS 562.1 million in corporate taxes, GHS 93 million in dividends, GHS 38.7 million in royalties, and GHS 53.2 million in withholding tax. "Through responsible mining practices and continued investment from our Tarkwa and Damang Mines, we remain committed to our ESG priorities and fostering national prosperity," stated a representative from Gold Fields Ghana. This commitment is further evidenced by their significant investment in socio-economic development, totaling GHS 9.3 million. This substantial contribution highlights the crucial role of responsible mining in supporting national economic growth and development. Gold Fields' commitment to transparency and ESG principles sets a positive example for other industries in Ghana.