recent reforms in fiscal regime of mining sector in ghana Solutions Just Right For You

This is informed by developments in the country and across the African continent in respect of reforms in the mining sector In the 2012 budget the Government of Ghana announced new fiscal initiatives aimed at enhancing Ghana's abysmal share of The economy of Ghana has a diverse and rich resource base including the manufacturing and exportation of digital technology goods automotive and ship construction and exportation and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals These have given Ghana one of the highest GDP per capita in West Africa

Financial and monetary policies in Ghana: A review of

This study has reviewed recent monetary and financial policies pursued in Ghana The paper concludes that generally while there have been remarkable improvements in the key monetary indicators which suggest relatively effective monetary policies during the period under review the fiscal imbalance in the country has limited these outcomes

This study has reviewed recent monetary and financial policies pursued in Ghana The paper concludes that generally while there have been remarkable improvements in the key monetary indicators which suggest relatively effective monetary policies during the period under review the fiscal imbalance in the country has limited these outcomes

Ghana signed a $920 million extended credit facility with the IMF in April 2015 to help it address its growing economic crisis The IMF fiscal targets will require Ghana to reduce the fiscal deficit by cutting subsidies decreasing the bloated public sector wage bill strengthening revenue administration and increasing revenues

Mrs Mona Quartey Deputy Minister of Finance and Economic Planning has said the mining and oil and gas sectors have made significant contributions to the economy of Ghana She said: "total revenues that accrued to government from the mining sector was GH1 146 202 977 in 2012 GH1 104 047 314 in 2013 and GH1 192 692 542 in 2014

10 Jul 2015 Ghana's Mining Sector Regime: A Bad Deal for Affected Local Communities The reality in Ghana is that the current mining regime presents a bad deal for local It dragged for a couple years amidst ministerial changes and control) focuses overwhelmingly on narrow fiscal returns for the government (a

PwC Corporate income taxes mining royalties and other mining taxes—2012 update 3 as "ring fencing" The Ghana government in the 2012 Budget Statement proposed an increase to the corporate income tax rate from 25% to 35% and an additional tax of 10% on mining companies Ghana's proposed tax increases are likely to take

GRA tightens fiscal regime for mining industry

The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining companies will operate henceforth Accordingly the Ministry of Finance and the GRA has []

The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining companies will operate henceforth Accordingly the Ministry of Finance and the GRA has []

The mining sector and Foreign Direct Investment 34 Fiscal regime: The Pre-ERP and ERP policy matrix 36 Table 4 Investments in the mineral sector: post-ERP 38 Table 5 Financial Sector Reforms and Bank Performance in Ghana by T O Antwi- Asare and E K Y Addison

Box 1: Green fiscal reforms in the extractives sector – Some examples from practice In the UK an aggregates levy seeks to internalize the external costs of mining mainly quarrying and encourage recycling In Mexico an annual fee is applied on gross income from gold silver and platinum mining to raise funds to reduce

The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining

This is informed by developments in the country and across the African continent in respect of reforms in the mining sector In the 2012 budget the Government of Ghana announced new fiscal initiatives aimed at enhancing Ghana's abysmal share of

have contributed significantly to reforms in the fiscal regime of the mining sector thereby improving revenues for government The EITI – a global initiative launched in 2002 represents the most ambitious global effort at unleashing the development potential of extractives It seeks to help address some of the governance

Recent reforms and strategies have been put in place to address these challenges Amongst these the revision of the draft national minerals and mining policy aims at consolidating various policies in the mining sector into the national minerals and mining policy with "Sustainable Development through Mining" as a guiding principle

The Mining of Iron Ore in South Africa This report focuses on the South African iron ore mining sector which produced 78 million tonnes (Mt) of iron ore during 2014 Of this total 672Mt worth US$67bn was exported China remains the largest importer of South African iron ore importing 73% of all local iron ore exports in 2014 valued at US

recent reforms in fiscal regime of mining sector in ghana

Recent Reforms In Fiscal Regime Of Mining Sector In Ghana Govt to introduce New Fiscal Regime for Mining Sector Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources the Vice President of the Republic has revealed

Recent Reforms In Fiscal Regime Of Mining Sector In Ghana Govt to introduce New Fiscal Regime for Mining Sector Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources the Vice President of the Republic has revealed

Contribution of mining to Ghana's economy With a reasonably well-known and attractive mineral resource base significant mining investment has been attracted into the country over some 20 years of stable multi-party democracy The mining sector has therefore been an important part of our economy with gold accounting for over 90% of the sector

Recent Reforms In Fiscal Regime Of Mining Sector In Ghana Govt to introduce New Fiscal Regime for Mining Sector Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources the Vice President of the Republic has revealed

Recent reforms and strategies have been put in place to address these challenges Amongst these the revision of the draft national minerals and mining policy aims at consolidating various policies in the mining sector into the national minerals and mining policy with "Sustainable Development through Mining" as a guiding principle

adopts measures to meet increased revenue target The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining companies will operate henceforth

The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining

have contributed significantly to reforms in the fiscal regime of the mining sector thereby improving revenues for government The EITI – a global initiative launched in 2002 represents the most ambitious global effort at unleashing the development potential of extractives It seeks to help address some of the governance

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