Socio economic impact study report on Newmont Ghana Ahafo Mine launched

08/04/2011

The report of a study undertaken by an independent international research team on the socio-economic impact of the operations of Newmont Ghana Gold Limited (NGGL) in the Brong Ahafo region was launched in Accra today

The Report describes the socio-economic impact of Newmont Ghana Gold Limited’s (NGGL) Ahafo Mine on the communities in which it operates in the Brong-Ahafo Region of Ghana and examines the level of impact and benefit derived by both the host communities and the nation as a whole.

The Report is the product of over six months of research by the study team composed of renowned development economist, Professor Ethan Kapstein of INSEAD Business School in Paris, one of the world’s leading and largest graduate business schools and Dr. René Kim, and a team from Steward Redqueen, a strategic consulting firm in the Netherlands. Data from the Ghana Statistical Service, the Bank of Ghana, Newmont Ghana, its senior managers and key suppliers was used.

The objective of the study is to see how spending by the Ahafo Mine translates into jobs, household incomes, tax revenues and local suppliers who provide Newmont Ghana with goods and services.