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Ghana Chamber of Mines bolsters transparency with publication of payments, expenditures, investments, others made in 2023

Oiuouity Mining activities

Fri, 18 Oct 2024 Source: norvanreports.com

The Ghana Chamber of Mines demonstrated transparency by detailing payments, expenditures, and social investments for 2023.

Direct taxes from the mining sector rose by 81.1% to GH₵11.55 billion, making it the largest domestic tax contributor.

Mineral export revenue grew 15%, reaching US$7.8 billion. Mining companies returned US$4.2 billion to Ghana, spent US$5.4 billion on local goods and services, and invested US$31.53 million in socio-economic projects.

Fiscal payments totaled GH₵11.69 billion, and the sector directly employed 12,674 people, with 99.3% being Ghanaian workers.

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Source: norvanreports.com