Parliament of Ghana has passed the Growth and Sustainability Levy (Amendment) Bill, 2026, reducing the levy imposed on gold mining companies from 3 percent of gross production to 1 percent.
The amendment is intended to provide relief to mining firms following the introduction of the Minerals and Mining Royalty Regulations, 2025, which introduced a new framework for calculating royalties in the sector.
The Legislative Instrument establishes a sliding-scale system that allows royalty rates to be adjusted based on fluctuations in international gold prices. The arrangement is designed to enable the state to earn higher revenues during periods of elevated commodity prices while maintaining competitiveness in the mining industry.
Despite the government’s justification, the Minority Caucus in Parliament has expressed concern over the potential impact of the new regulation. According to the Minority, the implementation of the Legislative Instrument could threaten up to one million jobs and make Ghana’s mining sector less attractive to investors.
Responding to the concerns, Deputy Finance Minister Thomas Nyarko Ampem explained that the reduction in the Growth and Sustainability Levy is meant to offset the potential financial burden the new royalty framework may place on mining companies.
He stressed that the government’s intention is to strike a balance between attracting investment and ensuring that Ghanaians benefit from the country’s natural resources.
“We don’t make laws to suit individuals. We are bringing this change so that Ghana can take maximum advantage of its natural resources. We all know that we have been blessed with gold.
“Over the years, we haven’t taken enough advantage of this resource. This arrangement will make it fair to mining companies, and it will also make it fair to Ghanaians, who are the owners of this natural resource,” he stated.
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