![](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/Emmanuel-Baidoo-Senior-Manager-Sustainability-Anglogold-Ashanti-engaging-stakeholders-on-the-10-year-Socio-Economic-Development-Plan-SEDP-in-the-Ashanti-Region.-1024x678.jpg\")
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AngloGold Ashanti Obuasi Mine is exploring\u00a0partnership opportunities\u00a0for the implementation of its 10-year Socio-Economic Development Plan (SEDP) in the Ashanti Region.<\/p>\n
The plan,\u00a0represents the social investment strategy for the Obuasi mine for the period 2022 to 2031.<\/p>\n
The newly introduced 10-year Socio-Economic Development Plan is leveraging on the previous 3-year plan which began in 2019 and ended in 2021.<\/p>\n
The initiative will support skills development, community growth and general upliftment of the two local assemblies within which the mine operates.<\/p>\n
Managing Director of Anglogold Ashanti, Eric Asubonteng, says the Plan is a social investment strategy to contribute to resilient and socio-economically self-sustaining communities.<\/p>\n
He was speaking at a development partnership symposium organized in Kumasi.<\/p>\n
\u201cIn November 2014, underground production was suspended at the Obuasi mine, marking the commencement of a major restructuring programme, which saw a 4-year hiatus in operations at the Obuasi mine.<\/p>\n
During this period, it became patently clear that the high dependence of the Obuasi local economy on the operations of the mine was unsustainable.\u00a0Upon the commencement of the Obuasi redevelopment project in 2018, a social management plan was developed to drive the mines social investment for the period 2019 to 2021.<\/p>\n
As the SMP drew to a close in 2021, consultations were carried out, culminating in a longer term socio economic development plan ( SEDP) keeping in mind the longer life of mine, and the need for continuity in sustaining community support. The SEDP represents the social investment strategy for the Obuasi mine for the period 2022 to 2031. We know we can achieve our goal through partnership with stakeholders and the government,\u201d he said.<\/p>\n
The mining giant says it is committed to contributing\u00a0$2 for each ounce of\u00a0gold it produces to the Anglogold Ashanti\u00a0Obuasi\u00a0Community Trust Fund to\u00a0fund projects in the communities.<\/p>\n
Mr. Emmanuel Baidoo, Senior Manager, Sustainability, Anglogold Ashanti said, \u201cThe Obuasi municipal and Obuasi East assemblies have provided the socio-political context and Anglogold Ashanti has a responsibility\u00a0to contribute to the development process. In addition to this, the mine is committed to paying $2 for every ounce of gold mined into the Anglogold Ashanti Obuasi Community Trust Fund.\u201d<\/p>\n
The implementation of the\u00a0Socio-Economic Development Plan (SEDP)\u00a0is aligned with the business sustainability and performance of the mine.<\/p>\n
It will be built into the annual business plan of the mine for budgeting purposes.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
AngloGold Ashanti Obuasi Mine is exploring\u00a0partnership opportunities\u00a0for the implementation of its 10-year Socio-Economic Development Plan (SEDP) in the Ashanti Region. The plan,\u00a0represents the social investment strategy for the Obuasi mine for the period 2022 to 2031. The newly introduced 10-year Socio-Economic Development Plan is leveraging on the previous 3-year plan which began in 2019 and […]<\/p>\n","protected":false},"author":1,"featured_media":1205224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[4006,12804,2960,662,5208,2330,19696],"class_list":["post-1205223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-10year","tag-anglogold","tag-ashanti","tag-development","tag-implements","tag-plan","tag-socioeconomic"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1205223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1205223"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1205223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1205223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1205223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1205223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}