President Mahama is succeeding in nation’s fight against gold smuggling – Minister

“Making the optimal and judicious use of the resources, Newmont must adjust its 1$ from every ounce of gold sold and one percent of annual pre-tax net profit committed to the foundation”, he stated.

Professor Professor Yaw Ofosu-Kusi, the Chairperson of the Board of Trustees of NADeF, explained that the foundation’s funding was from the commitment of $1 from every ounce of gold sold and one percent of annual pre-tax net profit from Newmont Ahafo Mine’s operations.

Mr Alex Kofi Annin, the General Manager, Ahafo South Mine of Newmont Ghana Gold Limited, said that: “Newmont believes that the true value of mining must be measured by the lives we help improve and the opportunities we create for sustainable development”.