{"id":111835,"date":"2026-01-20T03:57:00","date_gmt":"2026-01-20T03:57:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=111835"},"modified":"2026-01-20T03:57:00","modified_gmt":"2026-01-20T03:57:00","slug":"ghanas-mining-reforms-risk-choking-investment-says-industry-body","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=111835","title":{"rendered":"Ghana\u2019s mining reforms risk choking investment, says industry body"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 49 Second <\/div>\n\n <\/div>
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Ghana\u2019s main mining industry body said on Monday that proposed changes to how the country manages tax and royalty terms risk deterring investment and slowing output.<\/p>\n

Reuters reported\u00a0last week\u00a0that Africa\u2019s top gold producer plans to scrap long-term mining investment stability agreements and double royalties under sweeping reforms.<\/p>\n

The changes, which the country\u2019s mining regulator said were intended to boost state revenue and crack down on firms abusing the terms of their licenses, mean that stability agreements with Newmont, AngloGold Ashanti\u00a0and Gold Fields\u00a0will not be renewed.<\/p>\n

A draft bill expected to go to parliament by March proposes royalties starting at 9% and rising to 12% if gold hits $4,500 per ounce or higher, roughly double the current 3%\u20135% range.<\/p>\n

FEARS OF STALLED PROJECTS, LOST JOBS<\/h2>\n

The Chamber of Mines, which represents big mining companies, said in its statement on Monday that it backed the principle of a sliding\u2011scale royalty system that would allow the state to earn more at higher gold prices. But it warned that the current proposal would push Ghana further up the global effective tax curve, potentially stalling projects and costing jobs.<\/p>\n

\u201cWe understand the rationale behind a sliding scale, but the structure must strike a sweet spot where government secures sustainable revenues while the industry continues to expand and reinvest,\u201d Chief Executive Kenneth Ashigbey said.<\/p>\n

\u201cThe current proposal does not strike that balance.\u201d<\/p>\n

The chamber didn\u2019t offer a counterproposal.<\/p>\n

Ghana\u2019s mining regulator, known as the Minerals Commission, and the Lands and Natural Resources Ministry did not immediately respond to requests for comment.<\/p>\n

Ghana\u2019s large\u2011scale miners already pay a 3% growth and sustainability levy on top of the 3-5% flat royalty rate, both levied on gross revenue rather than profit, along with a 35% corporate income tax, 8% dividend tax and the state\u2019s 10% free carried interest, the chamber said.<\/p>\n

Stability and development agreements should be reviewed and improved, but not cancelled outright, it said.<\/p>\n

The chamber said it welcomed ongoing consultations with Ghana\u2019s minister of lands and natural resources and that a competitive and predictable fiscal regime was essential for sustaining investment.<\/p>\n<\/div>\n

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\"Ghana'sGhana\u2019s main mining industry body said on Monday that proposed changes to how the country manages tax and royalty terms risk deterring investment and slowing output.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1236,5756,2004,1883,4259,10,9],"tags":[],"class_list":["post-111835","post","type-post","status-publish","format-standard","hentry","category-anglogold-ashanti","category-gold-fields","category-mining","category-national","category-newmont","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/111835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111835"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/111835\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}