Parliament has passed the Growth and Sustainability Levy Amendment Bill 2025, increasing the levy on gold mining companies from 1% to 3% of gross production.
The amendment also extends the levy’s application period to 2028.
During the parliamentary debate, Finance Minister Dr. Cassiel Ato Forson defended the increase, arguing that the government must leverage rising gold prices to boost revenue for national development.
However, Minority Leader Alexander Afenyo-Markin strongly opposed the bill, cautioning that the tax hike could adversely affect the private sector, particularly the extractive industry.
Despite the Minority’s objections, the bill was approved through a majority vote.
Read also
