GMWU sets the record straight on GoldFields retrenchment saga


The Ghana Mineworkers Union (GMWU) has reaffirmed their call on government to take immediate action to halt the implementation of Goldfields Ghana Limited’s contract mining decision/strategy, which according to the union will impact on the jobs of over 1,700 workers with serious economic and social consequences.

In a statement to set the records straight to correct “some factual misrepresentations put out by GoldFields Ghana in its quest to justify its unjustifiable business model of contract mining,” the GMWU said “according to GFG’s own official website (, Tarkwa Gold Mine is a “world-class, low-cost surface mine with a 6.1Moz Mineral Reserve and 15-year life (nine years mining, followed by processing of the surface stockpile and South Heap Leach material) that remains strongly geared to the gold price.”

“Strong potential for leveraging resource ounce conversion and driving larger pits with high gold prices”. Indeed, this assertion is supported by its audited Annual Mineral Resource/Reserve Report as at December 2016,” the statement said.

On salaries which Ghana Goldfields Limited initially stated that, for the past 4 years the Union cumulatively adjusted salaries more than 60%, the GMWU denied this fact stating that, “For the records, cumulative salary increase for the last four years is not close to 60% as thrown out in the public space by the Gold Fields EVP. On the contrary in the last four years, wages grew by 34%. Find the table below for details.”

Read the full statement here

GMWU setting the records straight

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