Lawmakers in Parliament have passed a new bill that significantly lowers the tax on gold mining companies. The Growth and Sustainability Levy on these companies will now be 1%, down from 3%.
This change was made through amendments to the Growth and Sustainability Levy Act, 2026. The decision comes after the government made major changes to how it collects money from the nation’s mineral resources.
The move is intended to help stabilize the gold mining industry. This sector has faced adjustments following new rules about the country’s mineral revenue framework.
The parliament approved the amendments on March 27, 2026. This legislative action signals a shift in policy aimed at encouraging or supporting the gold mining operations within Ghana.
The specific details of the economic impact are expected to be analyzed further by industry experts and government bodies. The law change directly affects companies involved in extracting gold.