Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, announced an increase in taxes for mining companies during his 2025 budget statement. Apexnewsgh reports
The Growth & Sustainability Levy for these firms will see a rise from 1% to 3%, a significant adjustment designed to ensure that gold mining companies contribute fairly to the nation’s progress.
At a press conference, Dr. Forson underscored the importance of this measure, pointing out that the mining sector has consistently generated substantial profits. “Mining companies make significant profits, and it is only right that they contribute more to national development,” he asserted, reinforcing the belief that everyone should play a part in bolstering the country’s economy.
The Finance Minister also took the opportunity to highlight the numerous economic reforms his government has implemented, with an eye toward stability and growth. He noted that these changes have been instrumental in easing the financial burdens faced by Ghanaians, ensuring improved public services, and fostering disciplined economic management.
Among the key victories for the citizens, Dr. Forson pointed to recent bills signed into law by President John Mahama, which include the repeal of the contentious Electronic Transfer Levy, increased funding for vital social programs, and comprehensive tax reforms aimed at promoting economic growth. He also emphasized the importance of stricter financial discipline to ensure responsible fiscal management.
In closing, Dr. Forson reaffirmed the government’s commitment to resetting Ghana’s economy for long-term stability and prosperity. “We are putting money back into the pockets of Ghanaians while making sure government finances remain strong,” he concluded, leaving the nation hopeful for a more equitable and robust economic future.
Source: Apexnewsgh.com
