Council of State petitioned against Gold Fields lease denial
A public financial management expert has petitioned the Council of State to intervene in the debate over the proposed non-renewal of Gold Fields Ghana Limited's mining lease in Tarkwa, warning that denying the lease would collapse the very Ghanaian businesses it claims to champion.
Instead of lease denial, the petition recommends strategic renegotiation with Gold Fields, including the acquisition of additional equity stakes for the state through the Minerals Income Investment Fund, following the model Botswana employed with Debswana.
The petition, submitted by Derrick Opare Asamoah on July 1, 2026, comes in response to calls by the Institute of Economic Affairs for the government to reject Gold Fields' application for a lease renewal when the current concession expires in April 2027.
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