Prestea Sankofa Gold Mines Limited has resumed operations after nearly nine months of inactivity, with the government urging management to sustain production and keep the company’s processing plant running.
The development follows an inspection of the company’s facility by the Western Regional Minister, Joseph Nelson, who described the resumption as a significant step towards reviving the state-owned mining company.
Mr Nelson has charged management to prevent further disruptions, increase gold production and identify new opportunities to make the company financially sustainable.
“We need to make sure that Sankofa does not go back to where it came from. We want to see continuous production, increased gold output and a company that can sustain itself financially,” the Minister said.
According to him, a stronger and more efficient Sankofa Gold Mines will contribute to job creation, increase government revenue and stimulate economic activity in the Prestea area.
He also welcomed management’s plans to diversify the company’s operations, while supporting the dissolution of the previous board, which he believes has contributed to improved efficiency.
$5 Million Dam Project
The Managing Director of Prestea Sankofa Gold Mines, Alhaji Ishaq Dauda, disclosed that the company is investing approximately $5 million in the construction of a new dam to replace the existing facility.
He said the project, which is being financed through the company’s internally generated funds, commenced in May 2025 and is expected to be completed by the end of 2026.
“We are investing about $5 million in the new dam. The project is being funded from our internally generated revenue and, when completed, it will help us improve our production capacity,” Alhaji Dauda said.
Management believes the new infrastructure, alongside the resumption of operations and planned diversification, will strengthen the company’s capacity to contribute to Ghana’s mining sector and the local economy.
