Heath Goldfields Pays GH¢136m To Settle Legacy Worker Liabilities

Management of Heath Goldfields Limited has announced the payment of  GH¢136 million to settle outstanding legacy liabilities owed to former workers of the Bogoso-Prestea Mine, marking a major step in resolving inherited obligations and stabilising the company’s operational and financial base.

The payment, made in line with a Memorandum of Understanding (MoU) agreed with the Ghana Mineworkers’ Union (GMWU), represents one of the most significant financial commitments undertaken by the company since taking over the mine. It is aimed at addressing long-standing worker-related obligations that predate the current management.

In a statement issued by the company, Heath Goldfields described the settlement as part of a broader strategy to confront historical liabilities associated with its operations, while reaffirming its commitment to responsible mining, regulatory compliance and sustainable business practices.

Management noted that the fulfilment of the agreement underscores the company’s determination to honour its commitments and build credibility with workers, regulators and host communities.

“The fulfilment of these commitments reflects our growing credibility as a company that delivers on our assurances and stands firmly by our word,” the statement said. The company also expressed appreciation to the leadership of the Ghana Mineworkers’ Union for what it described as constructive engagement and partnership throughout the negotiation and settlement process.

“We extend our sincere appreciation to the leadership of the Ghana Mineworkers’ Union for their constructive engagement, partnership and shared commitment to fairness as we work together to resolve these inherited legacy matters,” management stated.

Heath Goldfields emphasised that integrity remains a core guiding principle of its operations, stressing that honouring the liabilities owed to former workers aligns with its corporate purpose of “Enriching Lives Through Sustainable Gold Mining.” According to the company, the payment not only resolves outstanding obligations, but also strengthens trust between management, employees, partners and surrounding communities.

The Bogoso-Prestea Mine has, in recent years, faced challenges linked to legacy financial and labour issues, which have affected operations and worker confidence. Industry observers say the settlement could help ease tensions and create a more stable environment for future mining activities at the site.

Beyond the payment, Heath Goldfields reaffirmed its commitment to working closely with relevant state institutions and stakeholders to ensure that all statutory, financial and operational responsibilities are fully met in accordance with Ghana’s mining laws and recognised industry standards.

The company stated that it remains focused on maintaining safe operations, promoting environmental stewardship and deepening community engagement as it advances its mandate in the country’s mining sector.

“Heath Goldfields continues to prioritise value creation while contributing meaningfully to Ghana’s mining sector and national development,” the statement added. The settlement is expected to be welcomed by former workers and labour unions, who have consistently called for the resolution of outstanding liabilities within the mining industry. Analysts say the move could also improve investor confidence in the Bogoso-Prestea Mine and signal a more sustainable path forward for the company’s operations in the Western Region.

 

 

 

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