• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Thursday, February 2, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Newmont Ghana completes first gold sale to Bank of Ghana

June 16, 2022
Reading Time: 1 min read
Dave Thornton, Regional Senior Vice President-Newmont Africa

Dave Thornton, Regional Senior Vice President-Newmont Africa

ShareShareShareShare

Newmont Ghana has successfully sold 3,500 Koz of gold to the Bank of Ghana, the nation’s central bank, in its first domestic gold purchasing programme.

“We are very excited to be part of this historic transaction and to be able to contribute our quota yet again towards the economic development of this country. This is a great example of how mining is critical to national development and we are happy to be blazing the trail as the country’s leading gold producer,” Dave Thornton, Regional Senior Vice President, Newmont Africa said.

Launched in June 2021, the Bank of Ghana (BOG) domestic gold purchasing programme intends to increase the nation’s gold reserves as a means of maintaining economic stability in the country, with the intention to purchase refined gold from mining firms within the country.

Newmont Ghana anticipates that its leadership in the gold sale agreement will be emulated by other mining firms in the country, as the company continues its commitment to value creation and contributing toward maintaining the fiscal stability of the country.

In 2021, the Company paid GH¢1.86 billion in taxes and royalties to the government of Ghana and paid GH¢574 million in similar taxes in the first quarter of 2022.

Newmont Ghana’s community foundations in its Ahafo and Akyem mines’ host communities have accrued over $54.2 million and made notable contributions in the areas of human resource development, infrastructure development and micro-credit financing support.

“We will continue to partner with all stakeholders to create more value for our communities and the Region through sustainable and responsible mining,” Mr. Thornton added.

Source: Newmont Ghana
ShareTweetSendSend
Previous Post

FBNBank makes firm commitment to Green Ghana project

Next Post

Get the best deals and offers with Huawei this June

Related Posts

General

Newmont Ghana provides healthcare relief to Appiate

May 6, 2022
Business

Newmont Ghana named overall best organisation in human resources practice

October 28, 2021
News

We’ll work with police to stop invasion of our sites by illegal miners – Newmont Ghana

July 16, 2021
Business

Newmont Ghana’s Ahafo mine donates GHS1.5m in medical supplies to fight COVID-19

November 2, 2020
General

Newmont Ghana emerges biggest winner at 8th IPR awards

March 5, 2020
Business

Newmont Ghana rebrands as it marks centenary celebrations

January 23, 2020
Next Post

Get the best deals and offers with Huawei this June

TOP STORIES

Security guard of quarry site sustains gunshot wounds after robbery attack

February 2, 2023

NPP national council endorses decision for more consultation on date for primaries

February 2, 2023

We’re committed to engaging aggrieved factions to ensure peace in Bawku – U/E Regional Minister

February 2, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT