Isaac Andrews Tandoh
The Acting Chief Executive Officer of the Minerals Commission, Isaac Andrews Tandoh, has disclosed that multiple investors have expressed interest in taking over operations at the Goldfields Damang Mine in the Western Region.
Speaking on JoyNews on September 4, 2025, Mr. Tandoh revealed that proposals had already been submitted and were currently being reviewed by the government.
He noted that the final decision on the future of the mine would be made by the Minister of Lands and Natural Resources after careful consideration.
“Government has no preferred choice. We are only looking out for the best option that will safeguard the interest of Ghanaians and especially the people in the mining communities,” Mr. Tandoh stated.
To ensure a smooth transition, the government has constituted a special committee to examine all proposals and make recommendations. The committee will also supervise the handover process once the transitional arrangement with Goldfields expires, he indicated.
Parliament in July 2025 approved a one-year transitional mining lease agreement between the government and Abosso Goldfields Limited to continue operations at Damang.
The arrangement followed the expiration of Goldfields’ original lease on April 18, 2025, and is scheduled to run until April 2026 under strict non-renewable terms.
The terms of the agreement prohibit any extension, transfer, or mortgage of the lease beyond its expiry date. The government initially planned to take direct control of the mine after the lease expired in April 2025 but later opted for a one-year extension following consultations with stakeholders.
Mr. Tandoh stressed that the government’s priority is to secure the best outcome for the industry, the economy, and local communities that depend on mining.
“The committee will carefully review all the interests and provide clear guidance on the next steps,” he assured.
The Damang Mine, located in the Wassa West District, is one of the country’s key gold assets.
Mr. Tando intimated that its future ownership and management remain a matter of high national interest as the mining sector continues to play a vital role in the country’s economy.
A Business Desk Report