Home Business Agriculture Newmont’s US$4 Million Investment Sparks Agricultural Revolution in Ahafo Region

Newmont’s US$4 Million Investment Sparks Agricultural Revolution in Ahafo Region

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Asutifi Processing And Services Centre Apsc
Asutifi Processing and Services Centre (APSC)

Newmont Africa, under the leadership of Managing Director Mr. David Thornton, inaugurated the Asutifi Processing and Services Centre (APSC) in Subriso near Hwidiemu.

This state-of-the-art facility, with an investment exceeding $4 million, is poised to elevate the lives of over 1,000 farmers within the Ahafo South project area.

Mr. Thornton underscored Newmont’s commitment to fostering strong relationships with host communities, recognizing the vital role they play in sustaining business operations.

He acknowledged the impact of mining activities on livelihoods and emphasized Newmont’s dedication to mitigating these effects through initiatives like the Agricultural Improvement and Land Access Programme (AILAP).

This program supports affected farmers with arable lands, seedlings, and agricultural extension services, ensuring sustainable livelihoods post-compensation.

The Asutifi Processing and Services Center, according to Mr. Alexander Kofi Anning, General Manager of Ahafo Mines, stands as a testament to Newmont’s unwavering commitment to supporting agriculture and food security in host communities.

The facility, initiated in collaboration with the German Development Cooperation (GIZ), addresses challenges faced by farmers, including post-harvest losses and market instability.

He said the journey, embarked upon in 2013, culminated in a thorough feasibility study in 2018, demonstrating the facility’s potential to transform lives across the region.

The collaboration between Newmont Africa and GIZ has resulted in the inauguration of the APSC, a pivotal moment in advancing agriculture in the Ahafo Region.

The facility, which specializes in processing chili pepper and ginger, adds value to the agricultural value chain, providing a reliable market for over 80 farmer-based organizations.

Its comprehensive approach aims to reduce post-harvest losses, introduce modern farming methods, and attract more youth to agriculture.

Bono East Regional Minister, Mr. Kwasi Adu-Gyan, lauded the joint efforts of Newmont and GIZ, acknowledging the facility’s potential to contribute to job creation, food security, and poverty reduction.

He emphasized the government’s commitment to modernizing agriculture as a means of fostering economic growth, aligning with the One-District-One-Factory (1D1F) policy.

Mr. Annin, General Manager of Newmont Ahafo South Mine, highlighted the Asutifi Processing and Services Center as a cornerstone of Newmont’s Local Economic Diversification Support (LEDS) program.

The $4 million investment, aimed at improving food security, creating job opportunities, and scaling up agricultural activities, exemplifies Newmont’s belief that mining can coexist with and complement agriculture.

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