Gold Fields Ghana recognised for its local content strategy
Gold Fields Ghana (GFG) received two awards for its efforts in promoting Ghanaian businesses and boosting the local economy at the Ghana Procurement and Supply Chain Awards.
GFG picked up the awards for Excellence in Procurement and Supply Chain (Mining), and Local Content and Supplier Development at a ceremony held in Accra.
Thirty-seven individuals and institutions were recognised for their contributions to transforming procurement and supply chain thinking and practices in Ghana.
The Ghana Procurement and Supply Chain Awards seeks to honour companies and organisations that support the development of Ghanaian businesses by purchasing goods and services from them.
Gold Fields Ghana’s local content strategy ensures that more than 80% of the company’s procurement expenditure goes to Ghanaian contractors and suppliers.
“At Gold Fields, we have a comprehensive supplier development programme which focuses on building the capacity of local suppliers,” said Theophilus Otchere, Head of Supply Chain for Gold Fields’ operations in Ghana.
“We see our efforts yielding results as local businesses continue to grow, labour skills are improved and more jobs are created.”
Gold Fields Ghana, which has operating mines in Tarkwa and Damang in the Western Region, believes that strengthening the local supply chain is critical to the development of local economies, as well as the broader Ghanaian economy.
Gold Fields Ghana’s strategy is also a critical component of the Gold Fields Group’s host community procurement policy, which seeks to give procurement preference to businesses near the mine in an effort to develop the non-mining economy in impacted communities.
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