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By Michael C. Sy, Reporter. THE FINANCE department is proposing a simpli fi ed fi s cal regime for the Philippine mining industry that is seen to generate as much as P10 …
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RECENT TRENDS & DEVELOPMENTS IN GHANA'S MINING FISCAL REGIME. B.N.A. Aryee Advisor (Mining) Ministry of Lands & Natural Resources, Ghana. …
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Effects of Reforms in Ghana's Mining Sector The expe ctation is that inj ecting Foreign Di rect Invest ment (FDI) in the m in ing sector w oul d contribute to
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profit-shifting in the mining sector. As examples, Sierra Leone's new fiscal regime moved the country away from negotiating fiscal terms mine by mine; Guinea, Liberia, and Mali have …
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Ghana enacted the Green Minerals Policy in August 2023 to simplify entry for critical mineral industry players, foster local content development and establish a footprint in …
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The EITI has played a key role in contributing to the reform of the mining sector fiscal regime. It is used as a platform to improve disclosures of oil sales, contracts and …
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the state to maximise benefits from the mining sector and minimise the negative effects of mining on the state. This is in recognition of the fact that the existing mining sector policies have not …
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During the panel session, Ghana's recent policy reforms were highlighted as a model for mining code reforms across the continent. These include the Local Content and …
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Current fiscal regime accrues less revenue. However, due to the limited revenue accrued, and triggered by the quest to maximize revenue, a new system was sought after— …
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RECENT TRENDS & DEVELOPMENTS IN GHANA'S MINING FISCAL REGIME. B.N.A. Aryee Advisor (Mining) Ministry of Lands & Natural Resources, Ghana. …
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Minerals & Mining Policy of Ghana 2.0 Overview of Ghana's Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, …
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mining sector between 1983 and 1998 as a consequence of these reforms (ibis). The extent to which tax exemptions alone contribute to investment attraction should be analysed in
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The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what …
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The mining sector's contribution to government fiscal revenue increased significantly in 2024, rising by 51.2 per cent. The sector contributed GH¢17.7 billion in fiscal payments to the government in 2024, representing an …
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7|Page i) The reconciliation phase, which involved data collection, initial reconciliationandtheproductionofthereport. Reconciliation Materiality: The participating ...
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3.1.1 Key features of the Mining sector Fiscal regime in Tanzania Table 1: Sources of Revenue that are resource based A CASE OF THE MINING SUB-SECTOR IN TANZANIA THE …
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Concessionary rate for the payment of custom duties on Plant, Machinery & Equipment exclusively for Mining Operations as approved (The Mining List)
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The current fiscal regime for mining provides several stability clauses, development agreements and other tax exemptions that erode the country's domestic revenue. Ghana's mining sector is prone to illicit outflows, …
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The mining sector is a cornerstone of Ghana's economy, contributing significantly to employment, foreign exchange, and national revenue. However, the current licensing …
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He said the mining sector was a critical component of Ghana's economic development, hence all the efforts must be geared towards ridding the sector of excesses to …
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In addition to these macro-economic problems, the mining sector had its specific challenges; there was lack of clearly defined legal and fiscal regimes, high front end charges (for example, …
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He expressed optimism that the reforms would bolster the sector's credibility and position Ghana's mining industry for long-term, sustainable growth. "…Mr Chairman, When I …
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A new Mining and Minerals Policy was finalized in May 2018.1 In his budget speech for 2018/19, Matia Kasaija, the Minister of Finance, Planning and Economic Development, set out the …
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The objectives of these reforms should be clearly defined in consultation with various stakeholders, including worker unions, civil society and citizens. As the new …
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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 …
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Ghana's EITI Report findings have also led to other reforms in the fiscal regime, such as establishing a fixed royalty rate and higher ground rents, to increase revenue from the …
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Ghana mining guide . Executive summary . Ghana presents a number of opportunities in the mining sector, especially in the gold industry. It is the second largest gold producer in Africa, …
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Figure 1: Fiscal Contribution of the Mining and Quarrying Sector to GRA Total Revenues - 2007-2012 (US$ Billion) Source: Ghana Revenue Authority, and Bank of Ghana The size of the …
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2.1 Importance of the Extractive Sector to Economic Growth and Development 2.2 Government Revenue Generation from the Extractive Sector 3 Review of Ghana's Public Sector Revenue …
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The Act Enhancing the Fiscal Regime for the Mining Industry, or House Bill 8937, was approved on its third and final reading last September 26 as an overhaul of previous …
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Why Invest in Ghana Ghana is the preferred destination for a perfect blend of mineral resource potential, stable regulatory environment, favourable fiscal regime, and socially responsive mining in Africa. #1 Producer of Gold in Africa …
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the mining industry. 5. Artisanal and small-scale mining: Weak governance regime; Widespread illegal small-scale mining activities; Absence of deliberate policy, strategy and support to make …
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