Finance Minister defends 3% Growth and Sustainability Levy on mining companies…. but Minority opposes
By Eugene Davis The Minister of Finance, Dr.Cassiel Ato Forson, has justified parliament’s passage of the three percent increase in the Growth and Sustainability Levy on gold mining companies, arguing that the nation stands to gain significantly from this tax due to the continuous rise in gold prices. The Growth and Sustainability Levy (Amendment) Bill, 2025 seeks to raise the levy imposed on gold mining companies to 3% of gross production, while other mining companies and upstream oil and gas companies will pay 1%. Additionally, the bill extends the sunset clause to 2028. According to the finance minister, the country...
