The Ghana Chamber of Mines had called for a fiscal framework that supported mining growth while securing state revenue, saying this was needed to ensure Ghanaians benefited sustainably from mineral …
Extractives
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ExtractivesInvestmentsMiningProduction
GoldBod, Gold Coast refinery sign pact to refine gold locally
The Ghana Gold Board has signed a Gold Refining Agreement with Gold Coast Refinery Company Limited, marking a major milestone in Ghana’s drive to deepen value addition and strengthen its …
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Ghana will scrap long-term mining investment stability agreements and double royalties under sweeping ​reforms, the regulator in Africa’s top gold producer told Reuters, as it seeks to capture more benefits …
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ExtractivesInvestmentsMiningProduction
GIADEC, Metalloid and GIBDLC secure US$60m facility to advance Nyinahin bauxite project
The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloïd Resources Investment – LLC-S.P.C, and Ghana Integrated Bauxite Development Limited Company (GIBDLC) have executed a US$60 million medium-term facility agreement to accelerate …
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The largest bulk carrier ever to berth in West African waters, MV CBS YEARS, with a capacity of 300,000 DWT, is to call at the Port of Takoradi on Tuesday, …
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ExtractivesInvestmentsMining
World Gold Council engages GoldBod on ASM formalisation and traceability reforms
The World Gold Council, led by its Chief Executive Officer, David Tait, has held a high-level strategic meeting in Accra with the Chief Executive Officer of the Ghana Gold Board …
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ExtractivesInvestmentsProduction
VALCO unveils revival strategy amid expectation for key partnership
The Volta Aluminium Company (VALCO) is taking proactive steps to boost its operations, after years of running below capacity, which the Company believes has had a negative impact on the …
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Precious metal prices have risen after the US capture of Venezuelan President Nicolás Maduro increased investors’ concerns about geopolitical risks. In Monday morning trade in Asia, gold was about 1.8% …
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Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi has dismissed allegations that his institution recorded losses under the Gold-for-Reserves programme, revealing instead a substantial financial surplus for …
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EconomyExtractivesInvestmentsMiningTaxation
A 3% withholding tax crashed small-scale gold output, FX inflows in 2021
Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has disclosed that a 3% withholding tax introduced in 2021, led to a dramatic collapse in small-scale gold production …
