President Mahama is succeeding in nation’s fight against gold smuggling

Haruna Iddrisu – Minister of Education. Mr Haruna Iddrisu, the Minister of Education says President John Dramani Mahama has succeeded in fighting and reducing the smuggling of gold from the nation’s land borders and airports. Mr Iddrisu was responding to a question during the commissioning of the Kenyasi Number Two Campus of the University of Mines and Technology (UMaT) in the Asutifi North District of the Ahafo Region. Barima Twereku Ampem III, the Paramount Chief of Ntotroso, also the President of the Ahafo Region House of Chiefs questioned the minister on the benefit of gold mining in employment and to revenue generation. “I will be careful because that isn’t my mandate, but I am happy to note and report that gold exports reached a record high of GH¢20 billion in 2025”, he stated. Mr Iddrisu said the figure nearly doubled the GH¢10.3 billion recorded in 2024, and probably even above the GH¢1.7 billion in 2014 and the GH¢1.9 billion accounting for about 34 percent of AFGM gold. He explained that President Mahama was increasing local participation of Ghanaians in the management of gold. “I believe they should even extend it to the chiefs in a more consultative way that the mining of gold will benefit the people”, the Minister suggested. Mr Iddrisu called on the Newmont Ghana Gold Limited to adjust upwardly its commitment to the Newmont Ahafo Development Foundation (NADeF), the company’s Corporate Social Responsibility driver. “Making the optimal and judicious use of the resources, Newmont must adjust its 1$ from every ounce of gold sold and one percent of annual pre-tax net profit committed to the foundation”, he stated. Mr Alex Kofi Annin, the General Manager, Ahafo South Mine of Newmont Ghana Gold Limited, said that: “Newmont believes that the true value of mining must be measured by the lives we help improve and the opportunities we create for sustainable development”. He said many of its workers across the Ahafo South Mine were UMaT graduates, including underground and surface mine managers, underground and surface mine technical service managers, health safety and several other professionals across the business. “Their careers reflect the strong academic and professional foundation that the UMaT provides”, he stated. Mr Annin said together with its host communities, NADeF had pursued a deliberate strategy to strengthen education and skills development in the Ahafo region targeting training and critical infrastructure. Key investments include the Ntotroso College of Nursing and the Kenyasi Police Training School as well as the proposed establishment of a College of Education being championed by the Kenyasi Number One Traditional Council. Professor Professor Yaw Ofosu-Kusi, the Chairperson of the Board of Trustees of NADeF, explained that the foundation’s funding was from the commitment of $1 from every ounce of gold sold and one percent of annual pre-tax net profit from Newmont Ahafo Mine’s operations. He said that the NADeF prioritized community participation, ownership and an independent governance structure, guided by the principles of integrity, respect, stewardship, participation, inclusiveness and transparency. Odeneho Dadieako Nsiah Ababio, the Paramount Chief of the Kenyasi Number Two Traditional Area commended the government for the campus and called on the government to also expand physical infrastructure development at the OLA Girls Senior High School in the area. Source: GNA The post President Mahama is succeeding in nation’s fight against gold smuggling – Minister appeared first on Ghana Business News.

President Mahama is succeeding in nation’s fight against gold smuggling – Minister

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