Last month, the National Philanthropy Forum recognized the Newmont Ahafo Development Foundation (NADeF) as the Corporate Foundation Philanthropist of the Year at Ghana’s 2017 National Philanthropy Excellence Awards held in Accra. The award recognized the long-standing contribution of NADeF toward improving lives and supporting sustainable socio-economic development in the communities neighboring the Ahafo mine.
NADeF was established in 2008 after consultation with various community interest groups to drive the company’s social responsibility commitments beyond the mine. Since then, communities around Newmont Ghana’s Ahafo mine have initiated a number of sustainable development projects to effect positive change in the lives of their people. Over 8,000 educational scholarships have been awarded at the senior high, tertiary and apprenticeship levels, in addition to over 100 infrastructural projects completed by NAkDeF.
“We are honored to be recognized for our efforts in improving lives and driving socio-economic progress in Ahafo. NADeF will continue to expand its programs to help even more women and children thrive in the communities we serve,” said Elizabeth Opoku-Darko, Executive Secretary of NADeF.
NADeF has accrued $24.5 million to fund various development initiatives through the Ahafo mine’s contributions of $1 per ounce of gold produced and 1 percent annual net profit. Local ownership and participation in the selection, execution and management of all projects in the host communities make NADeF a powerful resource for sustainable development. In effect, the locals decide what their needs are and work through NADeF to achieve them.
In 2014, NADeF was judged the best social impact investment vehicle in Africa by the European Union’s African Chamber of Commerce at the EU – Africa Chamber of Commerce’s first annual Corporate Social Responsibility in Africa awards ceremony in Brussels, Belgium. The award highlighted the foundation’s promotion of community development, inclusiveness and sustainability in Sub-Saharan Africa.
Through NADeF’s initiatives, about 41 public schools are benefiting from the Quality Improvement in Basic Schools Project (QUIBS) that was set up to support the quality of education at the basic level in Ahafo. NADeF has provided start-up capital to emerging entrepreneurs and businesses, afforded micro-credit and loan facilities to 1,500 community members, and completed over a 100 community infrastructural and social amenity projects in Ahafo.