Business in Ghana

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STATEMENT BY NATIONAL COALITION ON MINING ON 2012 BUDGET

Posted by Business in Ghana on November 21, 2011

PROCEED WITH FURTHER REFORMS IN THE MINING SECTOR

The National Coalition on Mining (NCOM) commends the Government of Ghana for the new fiscal initiatives introduced in the mining sector. This commendation is in line with the Coalitions view that these steps are part of a set of actions that are urgently needed to improve the contribution of the sector to the economy and people of Ghana. It is in this regard that the Coalition calls on the government to ignore complaints from mining companies about these initiatives. Rather, the government should proceed with immediate implementation of these new taxes and the critical review of the fiscal regime and mining agreements. The upward adjustment and an overhaul of the fiscal regime constitute a set of actions that ensure that the country improves upon its share of benefits from mining sector. Read the rest of this entry »

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