Account for the over GHS 10 billion tax revenue from mining
AngloGold Ashanti has paid US$ 116 million, approximately GHS 755 million tax revenue to the government for the 2021 financial year.
So far, Goldfields and AngloGold alone have paid a total of US$ 436 million, approximately GHS 2.84 billion tax revenue to the government for the 2021 financial year.
Ten (10) other companies are yet to pay and disclose their tax revenues for 2021 to the government. We are monitoring closely.
Surprisingly, my research shows that the Finance Minister has never disclosed the over GHS 10.4 billion tax revenues paid by the mining companies in Ghana in any of his budgets from 2017 to 2020?
Meanwhile, Oil / Petroleum revenues have been disclosed with details of their expenditures every year. All Ghanaians should ask the whereabouts of the tax revenues from mining.
Na sika no w) hen? My next publication will provide details of this topic. God bless our homeland Ghana 🇬🇭!
Dr. Solomon Owusu
(Mining Engineering & Mineral Economics Consultant)
Colorado, USA.
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