Ghanaian gold-producing company Prestea Sankofa Gold Limited (PSGL) has committed GH¢ 8 million to refurbish its processing plant as part of a strategic drive to enhance production capacity, recovery efficiency, and long-term sustainability.
Refurbishment and Tailings Project
According to the company’s Managing Director, Alhaji Ishaq Dauda, the investment covers repairs and upgrades to eight ageing processing tanks. The refurbishments are being carried out sequentially — draining and upgrading one tank at a time — to avoid halting production entirely.
In addition to the refurbishment, PSGL is investing over US$3 million in the construction of a modern tailings storage facility, designed with enhanced environmental safeguards including new raw-water tanks and upgraded dam infrastructure.
Operational Impact and Targets
Completion of the upgrades is expected by December, and PSGL anticipates that once finished, production capacity could rise by up to 50 percent and gold recovery rates will improve. The company aims to increase monthly gold production from approximately 50 kg to 150 kg.
Community and Sustainability Focus
PSGL says about 85 percent of new recruits — including graduate trainees and casual workers — are drawn from host communities in the Prestea Huni-Valley region, reinforcing local employment commitments. The company has also carried out social initiatives, including breast-cancer screening for 300 women in nearby Bondaye and plans to establish a community library in partnership with traditional authorities.
Looking Ahead
While PSGL currently focuses on processing tailings, management is actively seeking mining concessions to transition into hard-rock mining — recognised as the next phase for long-term operational stability. Exploration to date has identified roughly 400,000 ounces of gold.
PSGL, a majority-owned subsidiary of the Ghana National Petroleum Corporation (GNPC), is positioning itself for a strong revival through strategic investment, strengthened stakeholder engagement, and improved technical performance.