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flag Ghana refuses to renew lease for Damang Gold Mine, impacting 1,500 jobs and sparking debate on foreign investment.

flag Ghana's government has refused to renew Gold Fields Ghana's lease for the Damang Gold Mine, set to expire on April 18, 2025. flag The firm disputes regulatory noncompliance claims, while a local contractor prepares to bid for the lease. flag This decision, affecting around 1,500 workers, has sparked debate over transparency and foreign investment in Ghana's mining sector, which contributes significantly to the country's GDP and export earnings. flag Gold Fields may seek international arbitration, and the government plans to take over the mine, potentially reshaping Ghana's economic landscape.

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