Ghana Proposes Sweeping Mining Tax Reforms to Double Gold Royalties
Ghana proposes a mining tax overhaul to double gold royalties and scrap stability agreements. The move aims to boost revenue but faces industry warnings of risk.
Insights:
The government of Ghana 
GHhas proposed sweeping mining tax and royalty reforms that would eliminate long-term stability agreements with major producers of Gold and roughly double royalty rates. Under the draft bill expected to reach parliament by March, royalty rates currently set at a flat 3% to 5% would increase to a tiered structure starting at 9% and rising to as much as 12% if the price of Goldreaches $4,500 per ounce or higher.
GHhas proposed sweeping mining tax and royalty reforms that would eliminate long-term stability agreements with major producers of Gold and roughly double royalty rates. Under the draft bill expected to reach parliament by March, royalty rates currently set at a flat 3% to 5% would increase to a tiered structure starting at 9% and rising to as much as 12% if the price of Goldreaches $4,500 per ounce or higher.The Chamber of Mines in Ghanaissued a statement on Monday, January 19, 2026, warning that these proposed changes risk deterring future investment and slowing output in Africa's top producer of Gold. Reuters reported that the proposed changes mean that long-term mining investment stability agreements currently held by major operators, including Newmont Corporation , AngloGold Ashanti Limited , and Gold Fields Limited , will not be renewed upon expiration.
