Golden Star Resources pumps $90m into Ghana operations

Mining firm, Golden Star Resources has announced it is investing 90 million dollars into its operations in Ghana.

The investment is to revamp activities at its Wassa and Prestea mines in the Western region. The company had been struggling over the past couple of years as the price of gold tumbled on the world market.

It was also in the news for asking the Volta River Authority to cancel a 20-million-dollar electricity debt.

The company plans to start the commercial production on the mines by mid-2017.

Director of Corporate Affairs and Investor Relations at Golden Star Resources Limited, Katherine Sutton said, the decision to invest this much in the country is a good one in spite of some investors shying away from Ghana’s mining sector

Source: Ghana/ Ohene Gyan

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