Ghana Minerals Commission plans to scrap stability deals and double royalties for mining firms
The Ghana Minerals Commission plans to eliminate long-term stability agreements and double royalty rates to capture more revenue from record high gold prices.
Insights:
Ghana 
GH's Minerals Commission has announced a fundamental shift in its mining investment framework, planning to eliminate the long-term stability agreements that helped Ghanabecome Africa’s top producer. Isaac Tandoh isaac tandoh, the commission’s acting CEO, confirmed in a recent interview that the government will move to double royalty rates from the current 3-5% range to a new scale of 9-12% as it seeks to capture higher revenues from record prices for Gold . These reforms are expected to be written into law via a draft bill slated for presentation to the Ghana Parliament by March.
GH's Minerals Commission has announced a fundamental shift in its mining investment framework, planning to eliminate the long-term stability agreements that helped Ghanabecome Africa’s top producer. Isaac Tandoh isaac tandoh, the commission’s acting CEO, confirmed in a recent interview that the government will move to double royalty rates from the current 3-5% range to a new scale of 9-12% as it seeks to capture higher revenues from record prices for Gold . These reforms are expected to be written into law via a draft bill slated for presentation to the Ghana Parliament by March.
