NADeF Marks 5th Anniversary of Creating Sustainable Futures through Partnerships

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05/27/2013

Ntotroso, May 17, 2013 – Newmont Ahafo Development Foundation (NADeF) today announced the commencement of its fifth anniversary celebrations in Ahafo.

 

The theme for the anniversary is, NADeF – Five Years of Creating Sustainable Futures through Partnerships.”

From May 19 to June 16, a series of activities have been planned to commemorate the 5th anniversary celebration. Among them are the signing of the Revised Foundation Agreement, the NADeF Anniversary Lecture, a grand durbar, health screening, clean-up exercises and football gala among the 10 host communities.

The Foundation, established in May 2008, is Newmont Ghana’s Ahafo Mine main driver of sustainable developments in its host communities.  Within the five years of its existence, Newmont Ghana has contributed approximately US$12million to NADeF for the execution of various projects (infrastructural and non-infrastructural).

Also, US$1.2million, which is 10 per cent of the contribution, has been invested into an endowment fund for the communities as seed fund after the life of the mine. To date, NADeF has completed and handed over about 40 infrastructural projects including community libraries, teachers’ quarters, ICT centres, clinic, schools, and water system facilities across the 10 host communities of the Ahafo Mine.

Additionally, the Foundation has awarded scholarships worth GH¢3.6million to 3,700 students from the communities pursuing various programs in second cycle and tertiary institutions.