In a monumental decision to revitalize Ghana’s economy, President John Dramani Mahama announced the return of Abosso Gold Fields’ Damang Mine to Ghanaian ownership. This transition follows the expiration of a 30-year mining lease, marking a significant milestone in the government’s mission to reset the nation’s economic landscape.
Renowned for its rich gold deposits, the Damang Mine is poised to play a pivotal role in strengthening Ghana’s economy. The gold extracted will alleviate financial pressures on citizens and serve as a critical funding source for nationwide infrastructure development. President Mahama emphasized that this move aligns with the government’s commitment to ensuring that the nation’s natural resources directly benefit the people of Ghana.
“While we welcome and support foreign investment, it is essential to recognize that such arrangements cannot be indefinite—a sentiment widely shared among Ghanaians,” the President stated. “The return of the Damang Mine underscores our dedication to empowering our citizens and ensuring that the wealth generated from our resources serves their collective interest.”
The Damang Mine is one of several strategic assets the government intends to reclaim to promote sustainable development and economic sovereignty. This initiative is expected to generate thousands of jobs, stimulate local economies, and improve infrastructure, particularly in historically underserved regions.
Local communities have welcomed the mine’s return, expressing optimism for enhanced livelihoods and opportunities. “This marks a new dawn for us,” remarked a Damang community leader. “With the mine back under Ghanaian control, we can build a brighter future for our children and uplift our community.”
This move forms part of a broader strategy to ensure Ghana’s natural resources are harnessed for national prosperity. By reasserting control over key assets like the Damang Mine, the government aims to set a precedent for responsible resource management and sustainable economic growth.
As Ghana embarks on this new chapter, citizens are encouraged to support the initiative and participate in upcoming consultations to maximize the mine’s benefits. President Mahama has pledged that his administration will maintain transparency and work with local stakeholders to ensure equitable wealth distribution and comprehensive national development.
With the Damang Mine’s return, President Mahama’s administration seeks to reinforce confidence in Ghana’s economic future and lay the groundwork for a more prosperous, self-reliant nation.
