Gold Fields highlights US$5bn investment, says over 70% of Ghana revenues stay in-country
📍 Accra • by iamkingvinis • May 31, 2026
Gold Fields has disclosed that it has invested approximately US$5 billion in Ghana over the past 30 years, revealing that more than 70 per cent of revenue generated from its operations remains within the country.
Gold Fields, whose Tarkwa Mine has featured prominently in discussions on foreign participation, resource nationalism and local ownership, says its contribution to Ghana extends beyond gold production to include taxes, procurement, employment and community development.
The company also announced plans to invest more than US$1 billion in fresh capital over the next three to four years, signaling continued confidence in Ghana’s mining sector despite heightened scrutiny of the industry’s future direction.
The figures were presented by Executive Vice President for External Affairs and Investor Relations, Jongisa Magagula, during the 2026 Ishmael Yamson & Associates Business Roundtable in Accra.
“In summary, Gold Fields is proud that more than 70% of all revenues earned by Gold Fields in Ghana remain in Ghana,” Magagula told participants. Her remarks come at a time when public debate continues over mining leases, ownership structures and how much value Ghana should retain from its natural resources.
Although Gold Fields did not directly address ongoing discussions surrounding its own lease arrangements, the company pointed the role of long-term foreign investment in Ghana’s mining industry.
Gold Fields, whose Tarkwa Mine has featured prominently in discussions on foreign participation, resource nationalism and local ownership, says its contribution to Ghana extends beyond gold production to include taxes, procurement, employment and community development.
The company also announced plans to invest more than US$1 billion in fresh capital over the next three to four years, signaling continued confidence in Ghana’s mining sector despite heightened scrutiny of the industry’s future direction.
The figures were presented by Executive Vice President for External Affairs and Investor Relations, Jongisa Magagula, during the 2026 Ishmael Yamson & Associates Business Roundtable in Accra.
“In summary, Gold Fields is proud that more than 70% of all revenues earned by Gold Fields in Ghana remain in Ghana,” Magagula told participants. Her remarks come at a time when public debate continues over mining leases, ownership structures and how much value Ghana should retain from its natural resources.
Although Gold Fields did not directly address ongoing discussions surrounding its own lease arrangements, the company pointed the role of long-term foreign investment in Ghana’s mining industry.
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