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The gold mining companies contributed GH¢1.6 billion in direct taxes to the Ghana Revenue Authority (GRA), last year, representing 15.8 per cent of the total revenue collected. Mr. Sulemanu Koney, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, who announced this, put the corporate tax and mineral royalties paid by the companies
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Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 23 large-scale mining companies producing gold, diamonds, bauxite and manganese, and, there are also over 300 registered small scale mining groups and 90 mine support service companies.
Ghana has increased taxes on miners hoping to extract more revenue from its gold resources. This trend of resource nationalism is considered business risk #1 for ...
Gold Mine CEO Says No New Mining Taxes In DRC ... mining companies say. Randgold, a British mining company headquartered in the Channel Islands, ... Ghana