Gold Fields presents GH¢ 120.6 million dividend to government

Gold Fields-Tarkwa Mine, on Wednesday, presented a cheque of GH¢ 120,669,348.68 (120.6 million) to the Government, being 10 percent of its shareholding in the gold mining company, covering the 2020 financial year.

The payment of the dividend excluded other financial commitments the mining firm had already fulfilled, including the payment of 35 percent corporate taxes, royalties and corporate social responsibilities to communities within its operational areas.

Mr Baku used the opportunity to congratulate the Minister for his approval by Parliament and the subsequent swearing into office by the President.

He pledged the Company’s support to government and partner it towards accelerating national development in their mutual interest.

He said the dividend covered the 2020 fiscal year, which was delayed by the Coronavirus pandemic.

The Sector Minister, on his part, said it was heartwarming and refreshing to receive dividends from a mining firm at a time the world was in COVID-19 pandemic.

The Minister lauded Gold Fields-Tarkwa Mine, for showing good faith and staying true to its responsibility, and urged other large-scale mining firms to follow suit.

Mr Jinapor re-affirmed government’s unflinching support to Goldfields and pledged to partner it in realising the national agenda of eradicating extreme poverty and creating wealth for all.

That, he said, would be mutually beneficial for government and the investment community to thrive.

Credit GNA

Gh Extractives is an independent multimedia portal that seeks to provide credible information and news content to readers especially players in the extractive sector in Ghana, Africa and beyond. It also provides a unique platform for players in the energy sector to market their products and reach a wider audience

View All Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.