Newmont Ahafo Development Foundation (NADeF) is a sustainable community development Foundation, which was established in May 2008 through a Foundation Agreement developed and signed between Newmont Ghana Gold Limited and the Ahafo Social Responsibility Forum (represented by 10 Ahafo Mine Communities, Local Government, Regional Government, and Civil Society), to share resources granted to the Foundation through an annual contribution from Newmont to support community development programs in the area of the Ahafo Mines’ operations.
The annual contribution from Newmont comprises US$1 per ounce of gold produced and 1% of net profit from the Ahafo Mine. As part of Newmont’s annual contributions to NADeF, there is also provision for the creation of an endowment fund (with an increasing proportion of the funds earmarked as endowment funds over the life of mine).
Stakeholders are committed to ensuring that NADeF becomes a recognized and trusted development partner in the Ahafo communities.
The Foundation utilizes funds to support the following key areas of development:
- Human Resource Development
- Economic Empowerment
- Provision of Infrastructure
- Provision of Social Amenities
- Protection of Natural Resources
- Support for Cultural Heritage
Our communities achieve prosperity and self-reliance.
To empower communities through grants, knowledge-sharing, partnership, and capacity building to achieve sustainable development.