Over the past few years, Africa has been top of mind for foreign business investment, often referred to as one of the last frontiers for economic growth and development.
Category: Mining
Ghana Loses $6M in Taxes through Gold Smuggling to India
Available information from Indian government agency, Zauba Technologies & Data Services, showed that between January 2014 and January 2016, a total of 101,179 kilogrammes of gold valued at $3,607,415,756.36 was shipped out of Ghana to India without going through the necessary processes, a situation that ripped off the state an amount of $6,367,088.81 in […]
Ghana Unveils Ambitious Plans for Mining Industry
Ghana has launched a process to draw the greatest possible benefit from its gold mining industry, leveraging the strong macroeconomic contribution of mining to increase prosperity throughout Ghanaian society.
Cross-subsidy Weighing Down on Mining Coys
Mining companies operating in Ghana have disclosed that they spend a princely amount of $5 million monthly on cross-subsidy for the consumption of social fuel (premix fuel) by low-income households in the country.
MP Advises Mining Coys on VAT Refund
A Member of Parliament’s Select Committee on Mines and Energy, Joseph Cudjeo, has advised mining companies to negotiate for graduated tax obligations set off, rather than waiting on government to refund their Value Added Tax (VAT).
Newcomers Threaten to End Ghana’s Gold Dominance
–But Does the government Care! Ghana’s West African neighbours are threatening to end the country’s decades of gold mining industry dominance following the introduction of several sweeping reforms in their various countries.
Ghana’s Gold And Mineral Wealth: A Blessing Or A Curse?
Ghana’s varied mineral endowment including Gold, Manganese, Diamond And Bauxite are acknowledged the world over.
Mining Coys Fight Gov’t over VAT Refund Cash
Mining companies operating in Ghana are livid over the government’s inordinate delays in refunding surplus Value Added Tax (VAT) worth over GHC250 million as at June 2014 to them.
Ghana’s Mining Industry Relations to Get Boost
The International Institute for Environment and Development (IIED) is launching a global series of in-country, cross-sector dialogues on artisanal and small-scale gold mining, supported by The Tiffany & Co. Foundation.
Newmont Ghana creates 41,000 jobs
Newmont Ghana has created a total of 41,000 jobs since the commencement of the mining firm’s operations in the West African country.