Newmont Mining Company compensated a total of GH¢1.5 billion to the Ghanaian government in the form of taxes through the Ghana Revenue Authority (GRA) between 2006 and 2014.
The Development Foundation of the company in the Akyem and Ahafo area has also accumulated over 23 million dollars to support social and infrastructural development of the mining communities in Akyem and Ahafo.
Mr Felix Apoh, Senior Manager, External Relations and Sustainability of Newmont revealed this when he spoke to the media on the sidelines of the dissemination workshop of the 2012/2013 Extractive Industry Transparency Initiative (EITI) program held at Koforidua.
He said the Newmont Akyem Development Foundation had awarded over 600 scholarships this year. this is for the students in its mining communities to support them to study. It is to from the secondary level to the tertiary level as the support of the company for the development of the human capital of those areas.
Mr Apoh said in 2014, the company spent over GH¢6 million in the local economy in the Akyem area and GH¢25 million on other national industries, vendors and suppliers in Ghana.
He said this year, the company scheduled to spend over GH¢25 million to increase the economy of the communities in the Akyem mine area.
Mr Apoh repeated the willpower of Newmont to continue to partner the Government of Ghana. It is to create shared value in a inspiring business environment characterized by an unstable gold price regime.
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