Gold Fields Ghana Limited says 93 per cent of its procurement expenditure over the past five years was undertaken in Ghana, as the mining company seeks to strengthen local participation and retain more economic value within the domestic economy.
The company spent US$4.26 billion on local procurement during the period, including US$2.59 billion on goods and services from businesses in its host communities.
Gold Fields also engaged nearly 100 community vendors in its supply chain, highlighting the role of local businesses in providing goods and services to support mining operations.
The company’s procurement approach is anchored in partnerships with Ghanaian-owned and controlled businesses, with opportunities spanning operational services and other supplies required by its mines.
Gold Fields says its commitment to local procurement predates Ghana’s current mining local-content regulations. In 2010, it contracted Zen Petroleum, a wholly Ghanaian-owned fuel supplier, ahead of the introduction of the Minerals and Mining (Local Content and Local Participation) Regulations, 2020 (L.I. 2431).
The company also engaged Genser Energy, a Ghanaian-founded and controlled business, as an independent power producer to supply electricity to its Tarkwa and Damang mines. Western Transport Services Limited, a Ghanaian-owned company, provides transportation services at both sites.
The procurement figures highlight the scale of spending that mining operations can direct to domestic businesses. However, the extent of the economic benefits also depends on the ownership of suppliers, the goods and services they provide, and the capacity they develop to serve the wider economy.
Gold Fields is seeking to build on this record by strengthening supplier partnerships and promoting resilient supply chains that can create value beyond mining.
The company will bring together more than 300 local and international suppliers for its third Suppliers Conference on October 28 and 29, 2026, at the Akoon Clubhouse, Tarkwa Mine.
The conference is themed “Partnership for Enduring Value: Building Resilient Supply Chains Beyond Mining” and is expected to provide a platform for discussions on local procurement, supplier development and ways to strengthen supply-chain resilience.
The event builds on previous conferences that focused on sustainable supply chains through partnership and the integration of environmental, social and governance principles into supplier relationships.
