Parliament has passed the Growth and Sustainability Levy (Amendment) Bill, 2026, slashing gold mining tax from 3% to 1%.
This aims to support gold mining firms after the Minerals and Mining Royalty Regulations, 2025. The law allows royalty rates to adjust to global price swings, benefiting the state during high-price periods.
The Minority Caucus warns of job losses and deterred investors. The Deputy Finance Minister, Thomas Nyarko Ampem, said the cut aims to cushion mining companies. “We’re shaping laws to optimize Ghana’s resource benefits, ensuring fairness for companies and Ghanaians,” he said
