Prestea Sankofa Gold Limited (PSGL), a state-owned subsidiary of the Ghana National Petroleum Corporation (GNPC), continues to face significant operational challenges, including aging equipment and environmental concerns associated with its tailings dams. The company has, however, secured a strategic investor, Guangzhou Hozdo Group, to support its revitalization. The Western Regional Minister welcomed the development, expressing confidence that the investment will restore the mine’s operations, create employment opportunities, and contribute to the economic growth of the region.
Managing Director Alhaji Ishaq Dauda revealed that the company has embarked on major restructuring efforts, including the replacement of critical processing equipment, the construction of a modern tailings dam, and the consistent payment of staff salaries despite the temporary suspension of production. He added that PSGL also plans to integrate rock mining operations to boost production and ensure the company’s long-term sustainability.
