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Gold Fields Ghana Ltd, has increased its scholarship package for students from Three Thousand Eight Hundred Ghana Cedis (GHC 3,800) to Six Thousand Ghana cedis (GHC 6,000.00) per year.
Initially the company paid GHC 3,800.00 cedis as full scholarship and half of the scholarship as bursaries for beneficiaries, but that was not enough as parents had to look for additional funds to top up.
With the aim of relieving parents off their burdens, the company decided to increase the scholarship scheme so that parents can use their monies to support their children who are not in the tertiary level and to migrate all bursary beneficiaries to full scholarship.
This came to light at the Damang Mine Community Consultative Committee Meeting held at the Damang Community Centre when the Regional Manager-Sustainable Development, Projects, Mr Abdel-Razack Yakubu was giving an update on projects undertaken by the mine.
He mentioned Joseph Baidoo, a beneficiary of the company's scholarship scheme who graduate from the University of Education Winneba with a Graduating score of 3.98, and some others who have gained employment in the mining, health and other sectors of the economy which the company prides herself with.
According to him, because of Covid-19, the scholarship scheme has been suspended till January 2021. Prior to that the scholarship forms will be release before the end of the year so that applicants can pick forms to apply.
Since the establishment of the scholarship scheme in 2005 till date, 604 students have benefited from company's scholarship scheme.
Touching on employment, Mr Abdul Razak said the Damang Mine through the employment committee has employed 227 people from the communities since January 2020.
The Community Consultative Committee Meeting is a quarterly engagement initiated by Goldfields to update host communities on the community projects undertaken by the company.
It is an avenue where the company and the community initiate projects for the catchment communities.