Gold Fields Ghana Limited is funding two significant road projects in its host communities, with a combined investment of GHS 78 million ($6.56 million). These infrastructure developments aim to alleviate severe transportation challenges and support local agricultural activities.
The projects include the 2.26 kilometre (km) Budo City to Bogoso Junction road, estimated to cost GHS 15 million ($1.26 million). This road is designed to improve traffic flow and is expected to be completed this year. The second project is the 14.2 km Samahu-Pepesa road, which will cost GHS 63 million ($5.3 million) and is slated for completion by the end of next year.
These investments are crucial for the economic well-being of the mining communities. Improved road networks facilitate easier movement of goods and people, directly benefiting farmers who can transport their produce to markets more efficiently. This aligns with broader national efforts to enhance rural infrastructure and boost agricultural productivity across Ghana.
Residents have expressed strong appreciation for Gold Fields' commitment. Nana Nvidah, Chief of Huniso of the Apinto Divisional Council, thanked Gold Fields for addressing the previously poor state of the roads. He highlighted the company's dedication to sustainable development, which will benefit future generations. Nana Nvidah also recommended renewing Gold Fields' mining lease to ensure continued development projects.
Ken Ashigbey, Chief Executive Officer of the Ghana Chamber of Mines, called for a Mineral Revenue Management Act. He suggested this act, similar to the Petroleum Revenue Management Act, would ensure a portion of mineral revenues funds a Heritage and Stabilisation fund. This fund would support proper development in host mining communities. Mr. Ashigbey also advocated increasing mineral royalty allocations directly to mining communities from 8% to 30%. This change would ensure communities receive more tangible and equitable benefits from the nation's mineral wealth. He urged residents to support Gold Fields' development efforts, noting that long leases enable long-term community investments.
Elliot Twum, Senior Vice President and Managing Director of Gold Fields Ghana Limited, affirmed the company's commitment to socio-economic growth. He explained that the Gold Fields Ghana Foundation's Board members are now conducting site visits to verify project implementation. This ensures that approved projects are indeed progressing as planned. Mr. Twum urged contractors to maintain high-quality work and encouraged beneficiary communities to care for the new infrastructure.
Dr. Matthew Kofi Ayeh, Municipal Chief Executive (MCE) for Prestea Huni Valley, emphasized the profound impact of these projects. He stated that the new roads will significantly boost agricultural productivity for local farmers. This infrastructure development is a key component of regional economic growth strategies.