• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

The arrival of Newmont Ghana is a threat to our socio-economic livelihood – Fish Farmers

July 30, 2021
Stephen M.Cby Stephen M.C
in General News
0
The arrival of Newmont Ghana is a threat to our socio-economic livelihood – Fish Farmers

The leadership of Fish Farmers Association in the Tono North Municipality, Ahafo Region, have expressed worry that the emergence of Newmont Ghana Gold Limited (NGGL) in their area is a great threat to their sustainable socio-economic livelihoods.

According to Mr. Ahmed Saiid Addai, Chairman of the Association which mostly comprise of both male/female youths across Yamfo, Afrisipakrom, Susuanso Terchire, and Adrobaa (YASTA), he noted that they could harvest more than 90 tons of cat fish and tilapia every month.

“But because of Newmont Ghana Gold Limited’s claim of moratorium placement on our lands since 2017 and subsequent refusal to pay us our due and adequate compensation packages, we are heading towards losing our means of survival”.

Mr Addai

Mr. Addai bemoaned “Newmont is rather coming to end our businesses and greatly do us more harm than good”.

RelatedPosts

Oforikrom MP Questions Interior Minister’s Response to Rerun Violence

Ghana Secures $117.1 Million Boost for Basic Education Reforms 

Ghana’s Normalization of Electoral Violence, Dangerous- Prof. Asare 

“This situation is a great threat to our economic stability and thus social lives because it will be become extremely difficult to afford even quality education for our children and wards”.

Mr. Addai

Mr. Addai demanded that, “discussion to keep our fish farming businesses running must clearly be concluded by replacing our fish ponds with new ones before resettlement so that we wouldn’t go poor after sacrificing our properties for the mining company”.

On his part, Mr. John Eric Bediako, the Association’s Secretary expressed worry that the YASTA fish farming business had created more than 600 direct and 1000 indirect jobs to people in those five communities and the new development could render them unemployed.

Meanwhile, the farmers (fish pond owners) were excluded from the 1,600 employees of the fish farming business. Mr. Bediako mentioned. However, he stated that NGGL has not considered it necessary to engage the leadership of the Association to disclose plans of an arrangement pertaining to the job security of those employees.

Mr. Bediako, therefore, is appealing “to our traditional authorities, Dr., Freda Prempeh, the Member of Parliament, Mr. Samuel Abu Jinapor, the Minister for Lands and Natural Resources and President Nana Addo Dankwa Akufo-Addo for their immediate intervention so that our required compensation packages will be paid with further arrangements for us to remain in business”.

Additionally, he suggested that the NGGL Ahafo North Mine would only employ a total of 1800 workers; about 1,300 casual laborers, and the remaining number as permanent staff from the five communities. He complained that it is a clear indication “only a few people would get the opportunity of being employed.”

Mr. Bediako further stressed, “that implied we the fish farmers will lose our livelihoods, but we must not be left unemployed”.

Moreover, Mr. Bediako accused Newmont of unfairness in negotiation with them. This, he explained that the company did not take into consideration the life expectancy of the properties on their lands. For example, he stated that landed properties such as cocoa, cashew, mango, oil palm and others like teak and ‘odum’ have been giving them economic benefits for a long time but Newmont failed to factor that into the negotiation.

Meanwhile, Mr. Sampson Owusu, the 2020 Ahafo Regional Best Fish Farmer requested for cemented ponds with dams for frequent water flow to avoid drought to sustain their fish farming businesses if they would be resettled from the company’s concessional areas.

READ ALSO: Gov’t working on retooling Intelligence Agencies- Finance Minister

Tags: Ahafo NorthFish farmersNewmont Ghana
Please login to join discussion
Previous Post

Newly introduced taxes accrue GHS 249.7 million for May and June 2021

Next Post

Casino Joy is known for its generosity

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Senegal Hit With Downgrade Over Soaring Debt Levels
Africa

Senegal Hit With Downgrade Over Soaring Debt Levels

July 15, 2025
Baba Fryo Warns Musicians on Marriage
Entertainment

Baba Fryo Warns Musicians on Marriage

July 15, 2025
BoG Surrenders to CryptoCurrency Reality
Banking

BoG Surrenders to CryptoCurrency Reality

July 15, 2025
Hon. Michael Kwasi Aidoo, Video, People
General News

Oforikrom MP Questions Interior Minister’s Response to Rerun Violence

July 15, 2025
Basic School Children
General News

Ghana Secures $117.1 Million Boost for Basic Education Reforms 

July 15, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
Asia

Xi Voices China’s Readiness To Bolster Ties With Australia

July 15, 2025
Senegal Hit With Downgrade Over Soaring Debt Levels
Africa

Senegal Hit With Downgrade Over Soaring Debt Levels

by Lawrence AnkutseJuly 15, 2025
Baba Fryo Warns Musicians on Marriage
Entertainment

Baba Fryo Warns Musicians on Marriage

by Esther Korantemaa OffeiJuly 15, 2025
BoG Surrenders to CryptoCurrency Reality
Banking

BoG Surrenders to CryptoCurrency Reality

by Stephen M.CJuly 15, 2025
Hon. Michael Kwasi Aidoo, Video, People
General News

Oforikrom MP Questions Interior Minister’s Response to Rerun Violence

by Silas Kafui AssemJuly 15, 2025
Basic School Children
General News

Ghana Secures $117.1 Million Boost for Basic Education Reforms 

by Evans Junior OwuJuly 15, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
Asia

Xi Voices China’s Readiness To Bolster Ties With Australia

by Comfort AmpomaaJuly 15, 2025
Senegal Hit With Downgrade Over Soaring Debt Levels
Baba Fryo Warns Musicians on Marriage
BoG Surrenders to CryptoCurrency Reality
Hon. Michael Kwasi Aidoo, Video, People
Basic School Children
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
[/vc_row_inner]

Recent News

  • Senegal Hit With Downgrade Over Soaring Debt Levels
  • Baba Fryo Warns Musicians on Marriage
  • BoG Surrenders to CryptoCurrency Reality
  • Oforikrom MP Questions Interior Minister’s Response to Rerun Violence
  • Ghana Secures $117.1 Million Boost for Basic Education Reforms 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.