Ghana Increases Mining Levies and Reopens Domestic Bond Market

• Growth and Sustainability Levy on mining firms rises from 1% to 3%
• Government plans cautious reopening of bond market to boost liquidity

Accra, Ghana – Ghana is tightening its fiscal grip on the mining sector, seeking a larger share of resource revenues as part of broader efforts to strengthen public finances. Finance Minister Dr. Cassiel Ato Baah Forson announced in Parliament on Tuesday that the Growth and Sustainability Levy on mining companies will increase from 1% to 3% of gross production. Additionally, the government will extend the sunset clause for both the levy and the Special Import Levy until 2028.