The American Chamber of Commerce (AmCham) Ghana celebrates the historic official inauguration of Newmont Corporation’s Ahafo North Mine on Thursday, October 30th, a major milestone for the country’s economy and mining sector. Representing AmCham Ghana at the ceremony was Jane Okyere-Aduachie, Manager for Membership, External Relations, and Special Projects. The event featured distinguished guests, including Vice President H.E. Prof. Naana Jane Opoku-Agyemang, Otumfuo Osei Tutu II (Asantehene), Newmont CEO Tom Palmer, and Newmont President and COO Natascha Viljoen, hosted by the new Managing Director of Newmont Ghana, Danquah Addo Yobo.
This project, which represents a substantial US$900 million to US$1 billion investment, Newmont’s second active mine in Ghana, sends an unambiguous message to the global investment community that Ghana is a stable, premier destination for large-scale, long-term business. The Ahafo North operation is expected to produce between 275,000 and 325,000 ounces of gold annually over its lifetime. Ghana’s partnership with Newmont is a Fortune 500 company and the world’s leading gold producer.
Beyond the production numbers, the mine has already created massive social value: its development provided approximately 4,500 jobs during construction, and the operational mine now employs roughly 560 people full-time plus an additional 1,000 contractors. CEO Tom Palmer underscored this impact, stating the new operation demonstrates their commitment to “operational excellence while creating enduring value” for all stakeholders, underscoring that for Newmont, this project is fundamentally about creating opportunity and supporting sustainable growth.