The Newmont Akyem Development Foundation (NAkDeF) is a company limited by guarantee, which started operations in June 2014.
Our establishment followed an agreement (Social Responsibility Agreement), between Newmont the ten (10) Akyem Mine Communities and the Birim North District in July 2012, to establish and manage sustainable social investments projects and activities. The foundation thus serves as the Social Responsibility Vehicle for Newmont Golden Ridge Limited and a Community Development Agency for the 10 mining communities.
NAkDeF is supervised by a nine (9) member Board of Trustees, representing Newmont and the Community. Each community further holds a seven (7) member Sustainable Development Committees (SDCs) who work directly with the Foundation Secretariat to plan, implement and manage developmental projects in their respective towns.
Stemming from the agreement, our projects are funded by Newmont’s contribution to the community; US$1 per ounce of gold sold and 1% of Newmont Akyem Mine’s profits (pre-tax). These funds are used for sustainable development and impactful social investment activities under the following thematic areas:
Human Resource Development
Provision of Infrastructure
Support for Cultural Heritage
Support for Sports, Youth Development & Voluntary Organizations
Natural Resource Projects
To create sustainable value for our communities through social and economic transformation.
To mobilize and deploy resources, including partnerships, for the social and economic transformation of our communities.
This we hope to achieve by building the capacity of our stakeholders, creating partnership relationships with relevant stakeholders and consistently monitoring and evaluating our performance for continuous improvement.
Value Creation Integrity Passion Dynamism Relationships
At NAkDeF, our operations are hinged on the following:
Value Creation: We exist to enhance the lives of our communities through the delivery of quality socio-economic and infrastructural projects/programs.
Integrity: We employ the highest ethical standards in dealing with our stakeholders, and conduct business in the sincerest and transparent manner.
Passion: We have passion for excellence in all our dealings. This is what drives our innovation for improving the lives of our communities.
Dynamism: We keep up with trends and continuously improve our way of doing things.
Relationship: We aim to foster strategic relationships with community stakeholders, and development partners, to enhance collaborations and obtain support and ownerships for projects/programmes
NAKDEF: Creating a Shared Legacy Through Partnership