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Ghana Chamber of mines warns proposed gold royalty hike could harm industry

Ken Ashigbey, Chief Executive Officer of the Ghana Chamber of Mines, has cautioned that a proposed increase in gold royalties from 5% to between 5% and 11% could have a “debilitating impact” on the sector if rushed to Parliament without extensive stakeholder engagement. Speaking on the Joy Super Morning Show on Wednesday, Ashigbey highlighted that Ghana’s current corporate tax regime already makes the effective tax burden on gold miners one of the highest in Africa.


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