Government Receives US$4.5 dividends from Gold Fields Ghana Limited

daniel russell

May 19, 2015 5:27 PM

Speaking on behalf of government, Mona Quartey, Deputy Finance Minister congratulated Gold Fields Company for being patriotic company and timely payments of its dividends as the law requires as she received the cheque

Gold Fields Ghana Limited has presented a cheque of US$4.5 million to government as dividends for its 10percent shares in the Tarkwa and Damang Mines.

Mr. Alfred Baku, Managing Director of the company, presenting the cheque acknowledged the contributions of its hard working staff who helped to achieve the company’s set targets in the faces of industrial challenges and the country’s power crises.

He added, the company is pleased and appreciative of government's constant enormous support to it and vowed the company will also continue to keep its commitment to government.

Speaking on behalf of government, Mona Quartey, Deputy Finance Minister, congratulated Gold Fields Company for being a patriotic company and honouring timely payments of its dividends as the law requires as she received the cheque.

Mr. Alfred proudly added that, Ghana Gold Fields is number-one gold mining company and the largest gold producer in Ghana with annual production in excess of 935,000 ounces from its two operating mines at Damang and Tarkwa.

According to him, the global multinational precious metals producers with its headquarters in Johannesburg, South Africa employs 5,612 Ghanaians.

He concluded that, GGL is the world’s fourth and Africa’s number-two leading producer of gold, with an attributed annualized production of 3.5 million ounces from eight operating mines in Australia, Ghana, Peru and South Africa.

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daniel russell