Gold Fields Pays Over GHS1.5 Billion to Ghana Government in Q1 2025
Gold Fields Ghana contributes over GHS1.5 billion in taxes, royalties, and dividends to the Government of Ghana in Q1 2025, underscoring its commitment to national development and host community growth.
Isaac Mintah 
Gold Fields Ghana has announced that it contributed more than GHS1.5 billion to the Government of Ghana in the first quarter of 2025. This significant financial injection came from its Tarkwa and Damang gold mining operations, reinforcing the company’s commitment to responsible mining and national development.
According to data released by Gold Fields, the funds were made up of:
|
Contribution Type |
Tarkwa Mine |
Damang Mine |
Total |
|
Corporate Taxes |
GHS511.9 million |
GHS62.1 million |
GHS574 million |
|
Dividend to Government |
GHS294.5 million |
GHS93.0 million |
GHS387.5 million |
|
Royalties |
GHS194.3 million |
GHS38.7 million |
GHS233.1 million |
|
Withholding Tax |
GHS163.6 million |
GHS53.2 million |
GHS216.9 million |
|
Pay-As-You-Earn (PAYE) |
GHS80.7 million |
GHS15.4 million |
GHS96.2 million |
|
Withholding VAT |
GHS49.6 million |
GHS11.4 million |
GHS61.1 million |
These contributions reflect a comprehensive commitment to fiscal responsibility, transparency, and collaboration with the Ghanaian state.
Supporting Local Economies and Communities
Beyond government remittances, Gold Fields also made substantial socio-economic contributions to host communities:
-
GHS1.9 billion spent on host community procurement
-
1,421 host community suppliers engaged
-
GHS2.3 billion spent on in-country procurement
-
71% host community employment
-
GHS9.3 million spent on socio-economic development
These figures show Gold Fields’ strong emphasis on local content, employment, and sustainable development.
Commitment to ESG and Sustainable Mining
Gold Fields Ghana reaffirmed its dedication to ESG (Environmental, Social, and Governance) principles, emphasizing safety, innovation, responsibility, and collaborative delivery. The company stated it remains focused on "creating enduring value beyond mining" and fostering prosperity for both the nation and its local stakeholders.
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