Ghana to increase levy on mining production to 3%: finance minister

Ghana's finance minister Cassiel Ato Forson said on Tuesday the gold-producing West African nation will increase a levy on gross production of mining companies to 3% from 1%.

Cassiel Ato Forson, Ghana’s finance minister. In a letter seen by Reuters from Ghana's finance ministry to Afreximbank, dated May 21, the government requested the bank to begin debt treatment discussions. File photo.
Cassiel Ato Forson, Ghana’s finance minister. In a letter seen by Reuters from Ghana's finance ministry to Afreximbank, dated May 21, the government requested the bank to begin debt treatment discussions. File photo. (REUTERS/Francis Kokoroko  )

Ghana's finance minister Cassiel Ato Forson said on Tuesday the gold-producing West African nation will increase a levy on gross production of mining companies to 3% from 1%, while easing a levy on mobile money transfers to ease the burden on consumers.

Forson said he expected the country's overall real gross domestic product growth to be at least 4% in 2025, while inflation is expected to be 11.9% during the period.


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