Parliament has approved a one-year, non-renewable transitional mining lease for Abosso Goldfields Limited to continue gold production at its Damang site in the Western Region, following the expiration of its prior lease in April 2025.
The new agreement, which extends operations until April 2026, explicitly bars any renewal, transfer, mortgage, or related transactions beyond the expiration date. Lawmakers described the extension as a stopgap measure intended to ensure continuity while the government finalizes long-term plans for the site.
Originally, the government had intended to take over operations following the expiration of the initial lease. However, subsequent consultations led to a decision to grant the company a limited extension under tightly defined terms.
Abosso Goldfields, a subsidiary of Gold Fields Limited, operates the Damang mine in the Wassa West District—one of Ghana’s key gold-producing areas. The decision signals the government’s cautious approach toward foreign mining operations as it seeks to balance investment continuity with national resource control.
The transitional lease forms part of a broader strategy to review and renegotiate legacy mining agreements amid growing calls for increased local participation and value retention in the extractive sector.
