Business News of Friday, 18 October 2024
Source: norvanreports.com
The Ghana Chamber of Mines demonstrated transparency by detailing payments, expenditures, and social investments for 2023.
Direct taxes from the mining sector rose by 81.1% to GH₵11.55 billion, making it the largest domestic tax contributor.
Mineral export revenue grew 15%, reaching US$7.8 billion. Mining companies returned US$4.2 billion to Ghana, spent US$5.4 billion on local goods and services, and invested US$31.53 million in socio-economic projects.
Fiscal payments totaled GH₵11.69 billion, and the sector directly employed 12,674 people, with 99.3% being Ghanaian workers.