The Second Economic Impact On Newmont Asafo Mine Released

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By Cecil Mensah

The second edition of the socio economic impact report on the operations of Newmont Ghana Gold Limited, has been released.

The report which was published on April 2015, says the sector has impacted on the Ghanaian economy and the life of the people positively.

According to a press release from the office of Adiki Ayitevie, Senior Director of Communications and External Affairs at Newmont Ghana Gold Limited, some stakeholders, still hold the view that, the gold mining sector has not impacted the economy, though the sector as a key economic source, has earned significant income for the economy over the years.

The statement, however, said this perception has been so, without any solid foundation of empirical researching and evidence.

The statement said in 2010, the company commissioned an independent research entity to conduct a socio -economic impact assessment study on the Ahafo Mines in the Brong Ahafo region, which among other findings, revealed that it was a major contributor to the country’s economy.

The statement said, another research was also commissioned in 2012, with additional focus on the impact of the Ahafo Mines impact on the local economy of the Brong region.

The study showed that over a period of 11 months, a team of researchers composed of renowned development economists namely, Dr Rene Kim, founding partner of Steward Redqueen, a strategic consulting firm in the Netherlands , and Mr Yaw Danso, Executive Director of PAB Consult, all confirmed how the sector has contributed to the Ghanaian economy.

“On behalf of the research team, we are pleased to provide copies of the report to enhance knowledge on the level of impact on the operations of the company in the
country”

The statement said, the impact of the activities of the company, would sustain the development and wellbeing of the communities in which the company operate and the country as a whole.

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