Damang Mine: Contract must be given to a credible investor for good of the nation-Minority
Minority in Parliament pledged to support the outcome of the tendering process for the Damang Mine, but insists it must be awarded to a credible investor for the betterment of the nation. According to Kwaku Ampratwum-Sarpong, the minority group is very keen and interested in making sure that "we get the right company, the right entrepreneur, or the right investor to take over the mine and ensure that Ghana continues to benefit. We assure to support whatever the outcome is, but it must be in the interest of the nation."
The Damang mining lease in the Western Region is held by Abosso Goldfields Limited, a subsidiary of Gold Fields Ghana Limited. The 30-year lease for the mine expired in 2025, but it was granted a one-year extension, which is set to expire on April 18 this year. The minority alleged attempts to manipulate procurement outcomes in favor of specific entities, including Engineers and Planners, and called for an immediate halt to the process. They demanded the publication of full bidding documentation, including the date of formal tender initiation, the criteria, the composition of the tender committee, and the evaluation methodology. The caucus also called for full disclosure of the beneficial ownership of all bidding entities and the recusal of any officials with prior professional or financial ties to companies involved in the process.
A new investor is expected to take over operations after the expiration date of April 18.
Quick Summary
The minority in Parliament is closely watching the tendering process for the Damang Mine- wanting a credible investor. The group says the mine is commercially viable and the process must be handled properly- but what could go wrong?
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