The government has announced plans to select a new operator for the Damang Mine through a competitive bidding process, ahead of the expiry of the current lease in April 2026.
In a statement issued on Tuesday, March 24, 2026, the Ministry of Lands and Natural Resources said the decision is intended to ensure transparency in the transition process while attracting a credible investor to take over operations.
“The steps form part of efforts to secure a credible investor and operator through a competitive bidding process,” the Ministry stated.
The existing lease, held by Abosso Goldfields Limited, is set to expire next month, prompting the move to identify a new operator to sustain activities at the mine.
According to the Ministry, the transition will help safeguard the mine’s continued contribution to Ghana’s economy, particularly in terms of gold production, export earnings, and employment.
The Ministry also indicated that the process aligns with broader efforts to promote increased Ghanaian participation and long-term investment in the mining sector, while maintaining investor confidence.
Describing the Damang Mine as a strategic national asset, the statement emphasised its potential to remain a key driver of economic activity.
It added that the competitive tender process is expected to usher in “a new chapter” for the mine, underpinned by efficiency, accountability, and sustainable operations.
Authorities further assured that the process will be conducted transparently and in line with responsible resource management practices, as Ghana continues to position itself as a leading destination for mining investment.
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