Skip to main content

Heath Goldfields pays GHS 80m to settle legacy salary arrears left by previous leaseholder

 


Heath Goldfields Ltd, the current leaseholder and operator of the Bogoso-Prestea Gold Mine, has paid GHS 80 million to settle outstanding salaries owed to employees from the previous leaseholder’s tenure.

This payment, made in fulfillment of the conditions for granting the leases to Heath Goldfields by the Government of Ghana, marks a significant milestone in the ongoing effort to restore operations at the mine and reaffirm the company’s unwavering commitment to the welfare of its workforce.

The outstanding liabilities, which predated Heath Goldfields’ acquisition of the Bogoso- Prestea mining lease, had remained unresolved following the previous leaseholder’s termination.

As part of a broader intervention to reposition the mine, Heath Goldfields assumed responsibility for resolving these legacy issues, creating a foundation of trust, social stability, and operational readiness.

According to Patrick Appiah Mensah, Managing Director of Heath GoldFields Ltd, “Our commitment to our people is at the heart of our values,”. He further noted that

While these obligations stem from the previous leaseholder’s operations, we undertook to settle them in full following the successful award of the mining lease to Heath Goldfields.”

The payment of GHS 80 million covers outstanding salaries, leave entitlements, and other related employee obligations accrued under the previous Leaseholder.

Heath Goldfields has also initiated a stakeholder engagement and reconciliation process aimed at settling the remaining outstanding entitlements, including provident fund Contributions, severance packages, and end-of-service benefits, which were left unpaid after the former Leaseholder, terminated the employees’ contracts.

The action underscores Heath Goldfields’ brand positioning as a credible, values- driven partner in Ghana’s mining sector, one that is deeply committed to transparent stakeholder engagement, ethical leadership, and long-term community empowerment.

As the company continues its phased reopening of the Bogoso Prestea Mine, this payment represents a critical step in fostering labour harmony, restoring investor confidence, and delivering shared value to the people of Ghana.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more