Heath Goldfields to invest $20m into five-year community development plan
Heath Goldfields plans to invest about $20 million into socio-economic development within its divisional catchment areas across a five-year period. According to Patrick Appiah Mensah, the Managing Director (MD) of Heath Goldfields, operators of the Bogoso-Prestea Mine, each divisional area would receive $1 million every year to be invested in healthcare, education, infrastructure, and enterprise development projects.
Mr. Mensah told journalists at Bogoso in the Prestea-Huni Valley Municipality of the Western Region that the projects would be managed by the community leadership together with the company's experts. He said, "We believe that this is a very bold initiative because we intend to do new things, so we are moving away from the one dollar per ounce mantra, to committing $1 million dollars every year for five years." He added, "This is a supplement to what the government is also doing to enhance the developmental needs of the communities."
Mr. Mensah stated that Heath Goldfields were in the capacity to develop the Mine, noting that they would put in place strategic investments to sustain the Mine in the long term. He also said, "We took this Mine at a time when it was completely collapsed, and less than a year, we have been able to re-sustain it and gotten it to a point a where we are producing gold."
Quick Summary
Heath Goldfields plans a major investment in community development. The company's MD says the multi-million dollar plan will span five years - but what areas will it impact most?
Summary - read the full story for complete context.
Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy
Gov't urged to remove taxes on solar panels to enhance residential accessibility
What if a simple policy change could unlock Ghana's renewable energy potential and solve residential power challenges?
9h ago•
