The government has received a proposal from the Chamber of Mines.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Chamber of Mines has drafted and submitted a proposal to government to introduce a sliding royalty regime between four and eight per cent, remove the Growth and Sustainability Levy, and add a one per cent net-profit contribution to a community development fund.

The proposal aims to allow the state to benefit from the current surge in gold prices while avoiding long-term fiscal decisions based on what the Chamber describes as a short-term market cycle.

Speaking on Joy News’ PM Express Business Edition on Thursday, the Chamber’s CEO, Ken Ashigbey, said the industry supports fair taxation but cautioned against permanent policy choices driven by temporary price spikes.

Source: newsthemegh.com