In a candid critique of Gold Fields' operations in Ghana, the Deputy CEO of the Minerals Commission has taken a bold stance against what he describes as the mining company's failure to reinvest locally, despite raking in massive profits from its Ghanaian operations.
Speaking on Joy News' PM Express Business Edition, the Deputy CEO addressed Gold Fields' recent exit from the Damang mine, using the moment to raise deeper concerns about how profits from the sector are being handled. "Last year, Tarkwa and Damang mines made over $600 million in profit.
How much of that stayed in the country?
Your guess is as good as mine," he said, underscoring the disconnect between profit-making and national development.
