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Accra, Jan. 27, GNA - Gold Fields Limited paid US$ 320.2 million to Government in various taxes last year, Mr Joshua Mortoti, Acting Executive Vice President, Gold Fields West Africa, has said.
The Tarkwa and Damang Mines, in 2021, paid US$244m in Corporate taxes and Royalties, US$48.2 dividend to the Government while Pay-as-you- earn (PAYE) contributions stood at US$28m," he told journalists at a media engagement session in Accra on Thursday
"We make massive contribution to this economy, and we hope to continue to do that in many years to come," Mr Mortoti said.
Mr Mortoti said in accordance with the Company's commitment to create an enduring value beyond mining, Gold Fields had since 2004, invested US$84m in socio-economic development of host communities.
He said the Company would constantly work to ensure that host communities benefited from the operations of the Company in the areas of education, agriculture, and health among other sectors.
"We constructed the 33km Tarkwa-Damang road, Awudua road, UMaT-Nana Angu II road, bridges, upgraded the Huni-Valley Health Centre among other projects. Over 2,000 scholarships have also been given," he said.
Mr Mortoti said the Company had ceded part of its concession in support of "responsible" small-scale mining, adding that Gold Fields was ready to support the development of framework to support that sector.
Mr Chris Griffith, Chief Executive Officer, Gold Fields, said the Company had targeted that by 2030, 30 per cent of its total value would stay with host communities as well as achieve 55 per cent host community employment.
He said Gold Fields had targeted to reduce its emission by 50 per cent by 2030 and had earmarked $1.2bn towards various projects to achieve that target.
"In Damang and Tarkwa, we have installed 95MW of electricity generation capacity to increase supply reliability, and we have reduced net emissions by 39 per cent," he said.
Gold Fields is a globally diversified producer of gold with 10 operating mines and projects in Australia, Ghana, Peru, Chile, and South Africa.
It has been operating in Ghana for 29 years, with the Tarkwa Mine as its flagship mine and the single largest gold producer in Ghana
