The government has laid before Parliament the Growth and Sustainability Levy (Amendment) Bill, 2026, proposing a reduction in the levy imposed on gold mining companies from 3 percent of gross production to 1 percent.
The proposed amendment is part of measures aimed at cushioning gold mining firms following the introduction of the Minerals and Mining Royalty Regulations, 2025.
The Legislative Instrument (L.I.) introduces a sliding-scale royalty framework, which allows royalty rates to be adjusted based on fluctuations in international gold prices. Under the arrangement, the state stands to earn higher royalties during periods of elevated commodity prices, while offering some flexibility when prices decline.
However, the Minority Caucus in Parliament has raised concerns over the new regulations, warning that the policy could cost Ghana up to one million jobs and make the country’s mining sector less attractive to investors.
Responding to the concerns, the government explained that the proposed reduction in the Growth and Sustainability Levy is intended to offset the potential financial burden that the Minerals and Mining Royalty Regulations may place on mining companies.
According to government officials, the measure seeks to maintain investor confidence in the mining sector while ensuring the state continues to benefit from mineral revenues, particularly during periods of strong global gold prices.
