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“No Blanket Nationalization”: Ghana Moves to Calm Investor Fears After Damang Takeover

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ACCRA — The Ghanaian government has explicitly ruled out a blanket nationalization of multinational mining assets, seeking to reassure investors rattled by its recent decision to take operational control of Gold Fields’ Damang mine.

Following a meeting with the Ghana Chamber of Mines, Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah confirmed that the country has no policy or plan to seize mining assets in a sweeping manner.

The announcement comes barely a month after the government’s dramatic move to reject Gold Fields’ lease renewal for the Damang mine, a decision that sent shockwaves through the sector.

“The government does not have a policy or plan to take over the mining assets of multinational companies in a blanket manner,” Buah stated, according to a Xinhua News Agency report.

Instead, the Minister indicated that each mining lease case would be handled on its own merit, as dictated by the legal and regulatory framework, while pursuing the primary objective of protecting the national interest. The government’s policy is aimed at ensuring a sustainable mining sector that assures returns for investors; promoting technology transfer and expertise development; improving local content; and creating opportunities for local mining communities.

The Damang Precedent and Sector Jitters

Investor anxiety has been running high since April 16, 2025, when the Ministry of Lands and Natural Resources announced it would assume operational control of the Damang Mine of Abosso Gold Fields Limited (AGL) upon the expiration of its 30-year lease on April 18, 2025.

At the time, the government justified the decision based on three grounds, citing the company’s failure to declare verifiable mineral reserves, the absence of a detailed technical program, and a lack of budgetary allocation for exploration over the preceding two years. Gold Fields had halted active mining at Damang in 2023 and shifted to processing stockpiles, with an estimated remaining life of mine of just one year.

However, the move triggered immediate alarm within the industry. The Ghana Chamber of Mines warned that lease revocations and uncertainty surrounding renewals could create the perception that “security of tenure in Ghana is not guaranteed,” potentially affecting investment inflows into the sector.

That concern was amplified in May when the Institute of Economic Affairs (IEA), led by former Chief Justice Sophia Akuffo, called on the government to reject Gold Fields’ reported application for a 20-year lease extension at the Tarkwa mine, arguing that Ghana should seize this “historic opportunity” to reclaim ownership of one of Africa’s largest gold mines.

The Chamber of Mines swiftly rejected those calls, cautioning that public pressure surrounding the renewal process risked undermining legal certainty, regulatory predictability, and Ghana’s reputation as a stable mining investment destination.

The Tarkwa Test Case

The contrasting positions set the stage for a fierce debate over the future of Ghana’s mining sector. The IEA argued that Ghana had little transformative development to show after decades of allowing foreign firms to exploit its mineral resources under what it described as concessionary arrangements rooted in the colonial era, maintaining that Ghana now has the technical expertise and operational capacity to manage the Tarkwa Mine itself .

But the Chamber of Mines pushed back forcefully. Chief Executive Officer Kenneth Ashigbey insisted that discussions must be guided by facts and careful analysis, warning that any move to nationalise operations without broader consultation could negatively affect investments and disrupt sector activities.

Resource governance expert and co-chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr. Steven Manteaw, also pushed back against calls for non-renewal, describing the proposals as “misplaced and completely ill-informed”.

“The oil sector is today struggling to attract investments because Ghana is seen as a hostile destination,” Manteaw warned. “The effect is that our oil sector risks collapse in less than 10 years if the situation remains the same. We must be careful here”.

A “Win-Win” Approach

Buah’s latest assurance—that Ghana remains open to investors based on “win-win” cooperation—appears calibrated to strike a balance between rising nationalist sentiment and the practical need for foreign capital and expertise.

The Minister’s stated goals include ensuring sustainable returns for investors while simultaneously promoting technology transfer, expertise development, local content, and benefits for mining communities.

This approach aligns with the government’s broader policy shift away from what officials have described as the “neo-colonial posturing of automatic renewals” of mining licenses, moving instead toward a thorough reassessment of mining leases to ensure optimal national benefit.

The Tarkwa mine remains a key test case for this new approach. The current lease is set to expire in 2027, and the mine produced approximately 427,000 ounces of gold in 2025. A final decision on its renewal will follow a technical review process that includes presentations to a technical committee at the Minerals Commission and subsequent ministerial-level consideration.

Key Facts at a Glance

AspectDetails
Minister’s StatementNo blanket nationalisation policy or plan
ApproachCase-by-case review based on legal and regulatory framework
Damang OutcomeLease rejected; state assumed operational control (April 2025)
Tarkwa StatusLease expires 2027; renewal under review
IEA PositionCalls for rejecting Tarkwa renewal; advocates Ghanaian control
Chamber of Mines PositionWarns against unpredictability; defends investor confidence
Analyst Warning (Manteaw)Oil sector cautionary tale; risk of “hostile destination” label
Government Stated GoalsTechnology transfer, local content, community benefits, sustainable returns

Ghana News

Mahama to Churches: The Real Sermon Is Written After the Closing Prayer

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President John Dramani Mahama has challenged thousands of church delegates gathered in Ghana’s capital to measure the success of their global congress not by the eloquence of its sermons, but by the lives they transform after the final prayer is said.

“The lasting story of this conference, this congress, will be written in the lives that we touch after the closing prayer,” Mahama told more than 10,000 participants at the opening ceremony of the 10th Triennial Congress of the World Assemblies of God Fellowship on Wednesday, October 14, 2026.

The president urged delegates to return to their home countries with concrete plans to serve their communities — mentoring young people, supporting schools, strengthening health ministries and standing beside congregations serving under difficult conditions.

Faith Must Be Tangible

Mahama argued that faith becomes real only when it meets human need. He offered a vivid portrait of what practical Christianity looks like: a hungry child receiving a meal, a patient treated with compassion, a young person acquiring a skill, a widow finding companionship, and a struggling family receiving support from its community.

He called on the church to give greater attention to the relationship between preaching the gospel and serving people in practical ways, saying the two must not be separated.

“Spiritual authority entails a duty of care,” the president said, stressing that churches must provide safe environments for children and vulnerable people. He warned that spiritual leadership carries a responsibility to protect the trust placed in it through responsible conduct.

A Warning on Youth and Technology

Turning to youth development, Mahama acknowledged that young people today are growing up in a world of extraordinary opportunity, but also considerable pressure. Technology, he said, connects young people across continents while simultaneously exposing them to constant comparisons, misinformation and competing expectations about who they should become.

He urged churches and families to create environments where young people can ask questions freely, receive guidance, develop their abilities and take on meaningful responsibilities. Delegates, he said, should mentor young people by listening to them, offering opportunities for service and modelling integrity.

The president also called on the church to recognise the contributions of women of faith, saying their wisdom, talents and leadership deserve full recognition.

A Call for Global Solidarity

Addressing the global nature of the fellowship, Mahama expressed hope that members with greater resources would find ways to support those with fewer. The fellowship, he said, would grow stronger when its members shared their gifts and stood with one another through difficult times.

He also spoke directly to the responsibility of public office, saying those entrusted with power had a particular duty to serve with humility, honesty and integrity. Faith, he added, should deepen respect for citizens and concern for those whose voices are least likely to reach the centres of power.

Historic Honour for a Pentecostal President

At the ceremony, the World Assemblies of God Fellowship presented Mahama with its maiden Global Leadership Excellence and Trailblazer Award. The citation described him as the first member of the Assemblies of God worldwide to become president of a country — a milestone for the denomination.

Organisers also presented him with a Bible and urged him to allow the Word of God to guide his leadership.

The fellowship honoured First Lady Mrs. Lordina Mahama for her work supporting vulnerable people through her compassion ministry.

Former Malawian President Dr. Lazarus Chakwera also received the Global Leadership Excellence Award. His citation described him as the second member of the denomination — and the first minister of the gospel within the fellowship — to become president of a country.

Prayers for Wisdom and Redistribution

Following the awards, general superintendents and Ghanaian church leaders gathered around Mahama to pray for him. The prayer leader, Reverend Dominic Yeo, the fellowship’s Global Chairman, asked God to grant the president “divine wisdom” and prayed for the continuation of what he described as a reformation agenda.

He also prayed for “a redistribution of wealth throughout this nation so that all Ghanaians will be blessed,” a prayer that resonated beyond the sanctuary walls in a country where economic inequality remains a pressing concern.

A Global Gathering in Accra

The 10th Triennial Congress has drawn more than 10,000 participants to Accra, making it one of the largest Pentecostal gatherings on the continent this year. The event brings together delegates from across the global fellowship, reflecting the denomination’s growing presence in Africa and beyond.

For Mahama, however, the congress’s true significance will not be found in its attendance figures or its ceremonies — but in what delegates do once they return home.

“Faith becomes tangible,” he said, “when a hungry child receives a meal, a patient is treated with compassion, a young person acquires a skill, a widow finds companionship and a struggling family receives support from its community.”

The closing prayer, it seems, is only the beginning.

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Ghana News

OBITUARY: Gamal Gorkeh Nkrumah, Son of Ghana’s Founding President, Dies in Cairo

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Gamal Gorkeh Nkrumah, the journalist, writer, and intellectual son of Ghana’s founding president, Osagyefo Dr. Kwame Nkrumah, has died in Cairo, Egypt, following a prolonged illness. He was 67.

The Nkrumah family announced his passing in a statement released Tuesday, describing it as “a profound loss not only to our family and loved ones, but also to the wider community of friends, colleagues and readers who valued his insight, humanity and unwavering engagement with the great questions of our time.”

According to the family, Gamal Nkrumah passed away peacefully after receiving care at a rehabilitation centre, where he had been recovering from a stroke.

A Life of Intellectual Engagement

Born in 1958, Gamal Nkrumah carved out a distinct identity as a newspaper journalist and commentator, dedicating his voice and intellect to examining the political, social, and cultural forces shaping Africa and the wider world.

Throughout his life, the family said, he remained “deeply committed to the ideals of justice, human dignity, African unity and international solidarity.”

Described as a man of “profound intellectual curiosity, independence of thought and quiet conviction,” Gamal carried forward the legacy of his father in his own distinctive way, while building a reputation firmly grounded in his own principles and achievements.

His passing marks the loss of a respected voice in African journalism and intellectual life, one whose work spanned continents and engaged deeply with the pressing issues of his time.

A Family in Mourning

Samia and Gamal Nkrumah holding a photo of their parents President Kwame Nkrumah and Fatima Nkrumah. The photo of their parents was taken by photographer James Barnor while they prepared to welcome Queen Elizabeth II on her famous visit to Ghana after its independence.

Gamal was one of the acknowledged children of Kwame Nkrumah and Fathia Nkrumah. He is survived by his siblings: Samia Nkrumah (born 1960), a politician and former leader of the Convention People’s Party (CPP); Dr. Francis Nkrumah (born 1962), a paediatrician; and Sekou Nkrumah (born 1964), a politician and photographer.

The Nkrumah family remembered Gamal “with immense love, gratitude and pride,” stating that “his wisdom, kindness and devotion to the values he held dear will remain an enduring source of inspiration.”

Gratitude and Requests for Privacy

In their statement, the family expressed heartfelt appreciation to all those who stood with Gamal throughout his illness, particularly the medical professionals and caregivers in Cairo who provided him with care and dignity.

They also extended “deepest thanks” to the governments and people of his two countries, Egypt and Ghana, for their generous support.

The family has kindly requested privacy as it mourns this deeply personal loss. Details concerning memorial arrangements and opportunities to pay tribute to his life and legacy will be communicated in due course.

“May he rest in eternal peace,” the statement concluded.

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Ghana News

Ohio Court Orders Ghanaian Care Worker to Repay $53,278 After Workers’ Compensation Fraud Conviction

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Betty Boateng, 50, of Columbus, pleaded guilty to a fifth-degree felony after investigators found she collected disability benefits while working for two in-home care employers

A US-based Ghanaian woman has been ordered to repay more than $53,000 to the state of Ohio after admitting she collected workers’ compensation disability benefits while simultaneously holding paid jobs, authorities announced.

Betty Boateng, 50, of Columbus, pleaded guilty to one count of Workers’ Compensation Fraud, a fifth-degree felony, following an investigation by the Ohio Bureau of Workers’ Compensation (BWC) Special Investigations Department, the agency said in a news release dated October 9, 2026.

Investigators found that Boateng “knowingly and with fraudulent intent returned to work for two different employers during periods when she was receiving BWC disability benefits to which she was not entitled.”

Evidence gathered during the probe showed she earned wages while continuing to accept disability checks, resulting in improper payments totaling $53,278.40.

Sentencing in Franklin County

On September 23, 2026, a judge in the Franklin County Court of Common Pleas accepted Boateng’s guilty plea and proceeded directly to sentencing, ordering:

  • A 12-month suspended sentence
  • 60 months of community control
  • Mandatory reporting requirements
  • Restitution of $53,278.40 to the Ohio BWC
  • Waiver of fines, with court costs imposed

The case centered on Boateng’s work providing non-medical in-home care services for multiple employers, work she performed while receiving disability benefits she was not entitled to.

“Fraud Hurts Honest Workers”

BWC Administrator Stephanie McCloud said the agency remains committed to protecting the state’s workers’ compensation fund.

“Fraud against the workers’ compensation system hurts honest Ohio workers and employers,” McCloud said. “We are committed to holding accountable those who abuse the system and ensuring that funds remain available for individuals truly in need.”

The BWC urged anyone who knows of or suspects workers’ compensation fraud to contact its Special Investigations Department at 1-800-OHIO-BWC.

A Cautionary Tale for the Diaspora

The conviction adds to a growing list of cases involving Ghanaian nationals abroad facing fraud-related charges in the United States. Ghanaian communities in the US — particularly in cities such as Columbus, which has a sizable Ghanaian population — have increasingly been urged to understand the strict compliance rules attached to public benefit programs.

Workers’ compensation fraud in Ohio can be prosecuted as a felony depending on the amount involved, and convictions typically require full restitution in addition to any criminal penalties.

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