recent reforms in fiscal regime of mining sector in ghana

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GRA tightens fiscal regime for mining industry | Business ...

 · GRA tightens fiscal regime for mining industry ... The corporate income tax rate for mining companies in Ghana is 35 percent (for most other sectors it is 25 percent) and mining companies are also ...

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Tanzania: Magufuli's mining reforms are a masterclass in ...

 · The events of two weeks ago amount to a radical overhaul of Tanzanian mining policy, but also a masterclass in political manoeuvring. This is not to cast aspersions about the sincerity of Magufuli's intentions to reform the mining sector, but to illustrate that those reforms serves several purposes at …

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Ghana Cocoa Industry—An Analysis from the Innovation ...

It discusses the policy reforms in the cocoa industry and the major drivers of the reforms. The Ghana Co-coa Board (COCOBOD) is one of the biggest public institutions in Ghana and its subsidiaries are major actors in the production process of cocoa for export. The key reforms in the policies governing the industry were the dissolution of

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The World Bank's Evolutionary Approach to Mining Sector …

viii The World Bank's Evolutionary Approach to Mining Sector Reform Acknowledgments This paper began its life as a sector brief for the International Development Association (IDA) for which the content had to be greatly reduced. It expands beyond the World Bank's mining sector work in

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Asanko Gold undertakes managerial reforms - BusinessGhana

2  · Asanko Gold Ghana as part of the strategic operational mechanism to continue to play leading role in the Ghanaian and global mining industry has appointed a mining expert Mr Frederick Attakumah as Executive Vice President. Mr Attakumah also assumes offices as the Managing Director of Asanko Gold Ghana with effect from July 1.

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Corporate income taxes, mining royalties and other mining ...

PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 3 as "ring fencing". The Ghana government, in the 2012 Budget Statement, proposed an increase to the corporate income tax rate from 25% to 35% and an additional tax of 10% on mining companies. Ghana's proposed tax increases are likely to take

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New Fiscal Regime For Mining Sector Soon – Bawumia

Vice President Bawumia indicated that a new fiscal regime similar to the one prevailing in the oil sector would soon be introduced in the mining sector. "We have a regime that we are implementing for the oil sector, and we want to implement the same regime for the mining sector.

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2015 Global oil and gas tax guide - Ernst & Young

The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 84 countries and also provides a directory of EY oil and gas tax contacts. The content is based on information current to 1 January2015, unless otherwise indicated in the text of the chapter. Tax information

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GBC Ghana, Breaking News from Ghana, Business, Sports ...

NEW FISCAL REGIME FOR MINING SECTOR SOON – VICE PRESIDENT BAWUMIA BUSINESS » TUC URGES BOG TO SAFEGUARD JOBS OF STAFF OF DEFUNCT BANKS. view more. ... Video: Investiture Ceremony of new Chancellor of the University of Ghana, Legon. Video: Inauguration of Rural Telephony Project in Abenaso. TECHNOLOGY. FORTNITE TO SKIP GOOGLE PLAY ON ANDROID

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New fiscal regime for mining sector soon – Bawumia ...

 · Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her …

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Minerals and Africa's Development - Africa Mining Vision

sustainable growth and socio-economic development". At the centre of the Vision is a developmental state that inte-grates the mining sector into broader social and economic developmental processes. !is is an attempt not only to address the sector's isolation from mainstream social and economic activities, but to create win-win outcomes for

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Mining: Sector Results Profile - projects-beta.worldbank.org

The World Bank has supported 41 mining sector reform (technical assistance) projects in 24 countries since 1988. The reforms have contributed to an increase in investment in the mining sector and related economic indicators such as exports, fiscal revenues and gross domestic product (GDP) in …

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Minerals Commission – Ministry of Lands and Natural Resources

The Minerals Commission as the main promotional and regulatory body for the minerals sector in Ghana is responsible for "the regulation and management of the utilization of the mineral resources of Ghana and the coordination and implementation of policies relating to mining. It also ensures compliance with Ghana's Mining and Mineral Laws ...

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Introduction - Third World Network-Africa

The Fiscal Regime of Ghana's Mining Sector. The fiscal regime defines an array of taxes, rents, fees and tax incentives to foreign investors in the mining sector. The quanta of these taxes and incentives have mirrored policy changes in the mining sector since independence.

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DRAFT NATIONAL MINING POLICY OF GHANA

National Mining Policy of Ghana 6 mining sector contributed 12.7% of Government revenue, 3.2% of corporate tax and 40% of total merchandise export revenues. In 2009, the sector contributed 7% of Ghana's total corporate tax earnings, 45% of total export revenues, 19.8% of …

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IMPACT OF MINING SECTOR INVESTMENT IN GHANA: A …

under the mining sector reforms. As observed by Patricia Feeney, the World Bank strategy is surprisingly silent on measures that might be required to protect the rights of vulnerable segments of the society during the economic transition4. Ghana's structural adjustment programme generally generated considerable social costs and had

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DRAFT NATIONAL MINING POLICY OF GHANA

National Mining Policy of Ghana 6 mining sector contributed 12.7% of Government revenue, 3.2% of corporate tax and 40% of total merchandise export revenues. In 2009, the sector contributed 7% of Ghana's total corporate tax earnings, 45% of total export revenues, 19.8% of …

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Africa Mining Vision and Country Mining Visions - World …

Country Mining Vision guidebook and relevance for Ethiopia: sample questions A) Sample questions for design of effective fiscal regime and revenue capture: i) Does the fiscal regime deliver value for the country over the long term and encourage mineral economic linkages? ii) does it ensure that governments receive a rising share of the

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Fiscal Policy Reforms and Their Effects on the Economic ...

Abstract. Mineral sector regulatory and fiscal policies in Ghana have undergone a lot of reforms over the past three decades in an effort to attract the much-needed Foreign Direct Investment (FDI) into the mineral sector and also to maximise the returns from the exploitation of mineral asset to the country.

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Minerals and Africa's Development - Africa Mining Vision

sustainable growth and socio-economic development". At the centre of the Vision is a developmental state that inte-grates the mining sector into broader social and economic developmental processes. !is is an attempt not only to address the sector's isolation from mainstream social and economic activities, but to create win-win outcomes for

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Understanding DRC's new mining law power play: Will the ...

 · The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to revise the country's 2002 Mining Code.. While the law improves environmental and social provisions, revisions to the fiscal regime – long considered relatively favorable to investors – …

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Vice President: New Fiscal Regime For Ghana's Mining ...

Vice President: New Fiscal Regime For Ghana's Mining Sector Soon. August 6, 2018//-Ghana's government has announced that it would soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources.

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Deloitte Africa - Professional and Consulting Services

Deloitte is one of the largest professional services firms in the world. Deloitte Africa provides expertise across a range of audit, financial consulting, risk advisory & taxation services throughout the …

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Contribution Minerals and Mining Sector to National ...

Recent reforms and strategies have been put in place to address these challenges. Amongst these, the revision of the draft national minerals and mining policy aims at consolidating various policies in the mining sector into the national minerals and mining policy, with "Sustainable Development through Mining" as a guiding principle.

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Mining industry of Ghana - Wikipedia

The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008.

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The Mining Industry in Ghana: A Blessing or a Curse

(Coakley, 1999). Despite the economic potential of the mining industry in Ghana, mining output had decreased significantly since the late 1950‟s with gold experiencing the most dramatic decline in production. As Aryee (2001) puts it "For four decades up to the 1980‟s no new mine was opened in Ghana due to a myriad of problems

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Political Economy of the Mining Sector in Ghana

Political Economy of the Mining Sector in Ghana Joseph Ayee, Tina Søreide, G. P. Shukla, and Tuan Minh Le1 Joseph Ayee is Professor and Deputy Vice-Chancellor, University of KwaZulu-Natal, South Africa; Tina Søreide is an

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Legal and regulatory changes in Ghana address challenges ...

Legal and regulatory changes in Ghana address challenges facing mining. Ghana Energy Overview . View in online reader. Text size +-Recommend. The mining sector in Ghana, in particular gold mining, is one of Africa's oldest, but growth has been hampered in recent years by external factors such as lower metal prices and internal ones like the ...

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Ghana: Economic Development in a Democratic Environment ...

Ghana's economic strategy since 1992 has focused on macroeconomic stabilization and structural reform in a democratic environment. Within Ghana, a rich economic and political debate informs and influences government policies. Newspapers and magazines keep the public aware of current economic …

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New fiscal regime for mining sector soon – Bawumia – Herald

New fiscal regime for mining sector soon – Bawumia Posted on August 8, 2018 by Josephine Nettey in Business Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources, the Vice President Dr. Mahamudu Bawumia has revealed.

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Ghana Targets New Value-Added Fiscal Regime for Minerals ...

 · Ghana will soon introduce a new fiscal regime for the minerals sector to ensure that the country derives maximum benefit from the extractives sector, Vice President Dr. Mahamudu Bawumia has announced. The new regime is part of what the Vice President describes as paradigm shift from raw mineral exports to value addition and utilisation of

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Tanzania: Magufuli's mining reforms are a masterclass in ...

 · The events of two weeks ago amount to a radical overhaul of Tanzanian mining policy, but also a masterclass in political manoeuvring. This is not to cast aspersions about the sincerity of Magufuli's intentions to reform the mining sector, but to illustrate that those reforms serves several purposes at …

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Mining: Sector Results Profile - projects-beta.worldbank.org

The World Bank has supported 41 mining sector reform (technical assistance) projects in 24 countries since 1988. The reforms have contributed to an increase in investment in the mining sector and related economic indicators such as exports, fiscal revenues and gross domestic product (GDP) in …

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Kazakhstan - Legislation for allocation of mining ...

Kazakhstan - Legislation for allocation of mining exploration rights : Allocation of exploration rights for mining in a sample of major global mining countries (English) Abstract This study has been undertaken to provide input to the Government of Kazakhstan on mineral exploration policy.

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Ghana | Extractive Industries Transparency Initiative

 · There is also significant small-scale and artisanal mining activities in Ghana.In 2015 the Mining industry accounted for 1.2 % of the country's GDP and minerals made up 31% of total exports, of which gold contributed about 96% of the total mineral exports. Gold remains the leading mineral in revenue generation.

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Discussion Paper - United Nations

The country's mining sector has undergone ... was passed to reform the fiscal regime and capture a greater share of the revenues. ... contracts and the introduction of the new fiscal regime in ...

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