Gold Fields Contributes Over GHS2.6 Billion to Ghana in 2024
Isaac Mintah 
Gold Fields, a leading mining company, has made a significant financial contribution to Ghana’s economy, paying over GHS2.6 billion to the government from January to September 2024.
This substantial payment, drawn from operations at the Tarkwa and Damang mines, reinforces the company’s commitment to national development.
Breakdown of Payments:
Corporate Taxes: GHS1.3 billion
- Tarkwa Mine: GHS1.2 billion
- Damang Mine: GHS120.7 million
Royalties: GHS755.3 million
- Tarkwa Mine: GHS595.1 million
- Damang Mine: GHS160.2 million
Pay-As-You-Earn (PAYE): GHS241 million
- Tarkwa Mine: GHS190.9 million
- Damang Mine: GHS50.1 million
Dividend to Government: GHS308.1 million
- Tarkwa Mine: GHS197.3 million
- Damang Mine: GHS110.7 million
Gold Fields' payment structure illustrates its crucial role in driving revenue generation for the government, ensuring sustainable contributions to national growth.
Sustained Commitment to Ghana
The company’s extensive contributions highlight its dedication not only to mining excellence but also to fostering social and economic development. Gold Fields emphasizes its efforts to create enduring value “beyond mining,” supporting livelihoods and development within its operational areas and beyond.
About Gold Fields
Gold Fields operates the Tarkwa and Damang mines in Ghana, which have consistently ranked among the country’s top-performing mines. The company continues to prioritize responsible mining practices and strong partnerships with stakeholders, maintaining its status as a key player in Ghana’s mining sector.
For more information, visit Gold Fields Ghana.
