Investing in Ghana Safer- Otumfuo

Asantehene Otumfuo Osei Tutu II has encouraged investors to make Ghana their one-stop destination underscoring the friendly and profitable atmosphere it offers businesses.

He noted that the country is open to investment opportunities.

“I would encourage you. Ghana is a developing country and is very good for investments. It’s peaceful…I encourage you that you have a peaceful atmosphere in Ghana to carry out businesses. Your investment is safe,” His Majesty said during a visit by the President and Chief Executive Officer of Newmont Company, Mr Tom Palmer.

Expertise
Otumfuo also spoke of Ghana’s readily available qualified and competent workforce.

“I’m glad also that you have appointed one of my sons as the Managing Director. I’ve always said that I have competent people who can run it. Even though you have the money, I have the people to work.”

“I’m sure you have looked and seen that the competency and qualification is there and therefore I’m sure they wouldn’t disappoint if they would have a good team to work with.”

Satisfaction
His Majesty also expressed his satisfaction with the operation of Newmont in Ghana, citing their various Corporate Social Responsibility activities through their non-governmental organisation.

“Newmont is one company that is so dear to me because it is exploring the development of areas for my people. Investments are meant for development and we have the resources, you have the money so we team up to mutually benefit and therefore I see a win-win situation and therefore the support we give you. You also have to do all we think needs to be done for the development of my people.”

He furthered, “So far the arrangement that we have is cordial. You set out well by setting out some ounces of gold mined to development of the people aside from royalties. If I had had this arrangement in Obuasi and other places, I would have had a very good development there.”

Visit
The President and Chief Executive Officer of Newmont Corporation, Tom Palmer paid a courtesy visit to the Manhyia Palace on Friday, September 20, 2024.

He was accompanied by his wife, Mrs Palmer, the Executive Vice President and Chief Safety and Sustainability Officer, Suzanne Retallack and other management members in Ghana.

In his remarks, he expressed his profound gratitude to the King for his unflinching support to the company over the past 22 years.

“Newmont has been in Ghana for 22 years and we have benefitted immensely from your exceptional leadership in our work here in Ghana and we have many decades ahead of us in Ghana.”

He used the occasion to introduce the company’s new Managing Director for Africa, Abdul Rahman Amoadu, a Ghanaian to His Majesty.

“I also wanted to introduce Rahman Amoadu, our very first Ghanaian Managing Director of Newmont for Africa. We are very proud of Rahman but were very proud to have gotten a leader… and we wanted to introduce him to you.”

In an update on the operations of their concessions, he said, “I have just come from Ahafo North project. It is coming out of the ground very quickly. We will be mining our first ore later this year and we will start to commission the plant next year and will have our first gold about this time next year.”

Source: opemsuo.com/Hajara Fuseini