Who we are
It is the principal objective of the Fund to provide a system for the administration, management, and disbursement of assets of the Fund, focusing on strategic socio-economic investments necessary for the development and well-being of the Anwia, Teleku-Bokazo communities in the Ellembele District of the Western Region of Ghana and the Eastern Nzema Traditional Area.
Our investments include,
Without limitation…
Water and Sanitation
Health and educational infrastructure
Skills development and training programmes for the youth
Markets
Financial assistance (scholarships) at various levels of education
Agribusiness
Background
The Anwia/Teleku-Bokazo Trust Fund was established as a result of an agreement between the Environmental Protection Agency of Ghana (EPA) and the promoters of the mining company, Adamus Resources Limited (ARL) during the construction of the gold mine operations in 2011. The underlying rationale for the agreement between EPA and ARL was due to the understanding that the mining pit was not going to be backfilled since the business was unprofitable by backfilling. This resulted in an agreement between Adamus Resources and EPA, thus Adamus Resources will contribute $10 million to the two Communities as a sustainable Trust Fund for the benefit of the communities. This agreement became part of the conditions precedent for operating the mine due to the result of the legacy of the communities living with such a large open-pit and its impact on the communities. The first tranche of $2.5 Million was contributed at the beginning of the mining of pit, the next $5.0 Million was contributed halfway of the mining and the final $2.5 Million is to be contributed at the completion of mining of the pit. This $10.0 Million contribution is independent of any other Adamus Resources reclamation obligation of the Anwia/Teleku-Bokazo pit to the EPA. The Anwia/Teleku-Bokazo Trust Fund was established on March 26, 2013, for the benefit of the two communities. Learn about our projects.
Our values
Trust & Transparency
We operate based on trust and transparency, and expect partners and stakeholders to make ethical decisions always
Dedication
We are mission-driven. Our satisfaction comes from the fact that collectively we succeed in advancing our mission
Urgency
We work with urgency. We understand that the faster we act the more transformation can be achieved.
Humility
We operate with humility. We try to foster a culture of respect for the people we serve and for our local government partners.
Entrepreneurship
We have an action-oriented culture for executing programs.
Governance & flow of fund
Trustees
The Trustees provide overall leadership and set the strategic direction, policy, oversight and accountability of the Trust Fund. The Trustees also approve the Trust Fund’s staffing and annual budget, release funds following approval of projects, commission periodic reviews of the Trust Fund, and perform an annual evaluation of the Fund Manager.
Advisory Board
The principal functions of the Advisory Board include: increasing the Trust Fund’s outreach and resource mobilization, establishing a mechanism for regular input from the communities, and recommending to the Trustees activities of special interest to the objectives and mission of the Trust Fund.
Fund Manager
The Fund Manager oversees the assets and operations of the Trust Fund, stays on top of the performance of executed projects and community trends, generates project ideas for the Trust Fund to consider, monitors the financial performance of investments in the accounts, and keeps all stakeholders abreast of the Trust Fund’s performance.