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    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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COVID-19: Newmont Ghana signs MoU with KCCR to offer support worth GHS3M

byEbenezer Afanyi Dadzie
July 29, 2020
in Business, Top Stories
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Newmont Ghana has signed a Memorandum of Understanding (MoU) with the Kumasi Centre for Collaborative Research in Tropical Medicine (KCCR) to support the nation’s fight against the COVID-19 pandemic.

Under the MoU, Newmont Ghana will procure PCR equipment, ancillary equipment, reagents and other consumables to augment the capacity of KCCR to scale up its testing.

Also, KCCR will help set up two laboratories in Newmont’s Ahafo and Akyem host communities to build their testing capacity for COVID-19 and other infectious diseases.

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The total value of procuring the PCR machines, ancillary equipment, reagents and setting up of the laboratories is GHc 3.1million ($545,000).

KCCR is one of the two major testing centers in the country and the increasing number of cases in the country has put significant strain on the facility.

The Director of KCCR, Prof. Richard Phillips, expressed gratitude to Newmont Ghana, saying “this will significantly boost our capacity to test more samples. With the rising number of COVID-19 cases in the country, this support could not have come at a better time.”

Vice President, Sustainability and External Relations at Newmont Africa, Adiki Ayitevie, said, “Protecting the health and safety of our communities and workforce is our priority. We believe that procuring PCR machines and setting up laboratories for public health facilities in our host communities will help significantly in the fight against the COVID-19 pandemic.”

The MoU is part of the company’s initiatives sponsored from its Africa Region’s allocation of $3.3m of the Global Community Support Fund set up by the company to support COVID-19 management efforts in its operating jurisdictions.

So far, Newmont Ghana has approved over $2million (GHc11million) to be spent on employee and community health, food security and local economic resilience initiatives within and beyond its host communities.

Among the beneficiary institutions are the Birim North Health Service, Birim North District Assembly, Birim Central District Assembly, Asutifi North District Assembly Asutifi North Health Service, Asutifi North District Police Service, Tano North Municipal Assembly and the Tano North Health Service.

In April, Newmont Ghana donated US$50,000 to help procure testing kits for the Noguchi Memorial Institute for Medical Research and the KCCR.

The company also contributed about $554,000 (approximately GHc3million) of the Ghana Chamber of Mines $2million (GHc11million) donation to support the national COVID-19 management effort.

About Newmont Africa

Newmont Africa is a subsidiary of Newmont Corporation, the world’s leading gold business. It has two gold mining operations in Ghana; the Ahafo Mine located in the Ahafo Region and the Akyem Mine located in the Eastern Region.

Commercial production at Ahafo began in 2006 and at Akyem in 2013. The Company currently employs over 5,500 employees and contractors.

Its Ahafo mine was named Mining Company of the Year in 2016 and Ghana’s Corporate Social Responsibility Organization for 2018, while the Akyem mine was adjudged the Best Company in Ghana for 2015 and 2016.

The Company also has greenfield exploration activities in Ethiopia.

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