Gold Fields Highlights $5bn Investment in Ghana
Gold Fields says it has invested about US$5 billion in Ghana over the past three decades, sharing more than 70 per cent of revenues generated from its operations remain within the Ghanaian economy.
The company made the disclosure amid renewed public debate over mining lease renewals, local value retention and how Ghana benefits from its mineral resources.
Speaking at the 2026 Ishmael Yamson & Associates Business Roundtable in Accra, Gold Fields Executive Vice President for External Affairs and Investor Relations, Jongisa Magagula, said the company’s operations have contributed significantly through taxes, royalties, employment, procurement and community development.
“In summary, Gold Fields is proud that more than 70 per cent of all revenues earned by Gold Fields in Ghana remain in Ghana,” he stated.
The company also announced plans to inject more than US$1 billion into its Ghanaian operations over the next three to four years, signalling continued confidence in the country’s mining sector despite increasing scrutiny of foreign participation and resource governance.
Gold Fields traced its entry into Ghana to the early 1990s when the government invited international investors to assess the then state-owned Tarkwa underground mine, which was producing about 12,000 ounces of gold annually.
According to the company, it later transformed Tarkwa into one of Ghana’s leading gold mines through extensive exploration and investment. Current annual production now stands at about 500,000 ounces, with the mine estimated to have a remaining lifespan of 21 years.
“The rejuvenation of Tarkwa since 1993 was possible because the Government of Ghana created the environment necessary to attract billions of dollars of investment,” Magagula said.
Gold Fields further disclosed that it paid approximately GH¢5.8 billion to government in 2025 through taxes, royalties and dividends, compared to GH¢4.4 billion in 2024.
Additionally, the company said it spent GH¢6.5 billion on procurement within host communities and directed GH¢8.8 billion toward local suppliers.
Magagula acknowledged growing public expectations for greater national benefits from mining activities but stressed that Ghana could continue attracting global capital and advanced mining technology while ensuring equitable returns for both investors and the country.
“There continues to be a legitimate expectation on the part of Ghanaians that the mining industry should generate greater benefits for Ghanaians. We fully appreciate this imperative,” he noted.
Beyond fiscal contributions, Gold Fields said it has invested more than US$110 million in community projects through the Gold Fields Ghana Foundation, covering education, healthcare, agriculture, roads, water and sanitation.
The company also highlighted its long-standing support for sports development, including sponsorship of national teams and the Ghana Women’s Premier League.
As debate over mining governance and resource nationalism continues, Gold Fields maintained that it remains committed to job creation, local supplier development, technology transfer and environmental stewardship in Ghana.
