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Ghana Abolishes VAT on Mineral Exploration to Boost Mining

11/16/2025

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Summary

Story summary

Ghana will abolish the 15% value-added tax on mineral exploration, announced by Finance Minister Cassiel Ato Forson.
The measure is part of a broader VAT review and aims to stimulate greenfield mining activity and improve Ghana's competitiveness relative to Ivory Coast and Burkina Faso.
The policy has been criticized for inflating costs and discouraging investment.
Recent data show small-scale gold exports have surpassed large-scale shipments, signaling a positive trend in the sector.
The government hopes the reform will attract foreign capital and strengthen Ghana's position as Africa's leading gold producer.

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Story summary

Ghana will abolish the 15% value-added tax on mineral exploration, announced by Finance Minister Cassiel Ato Forson.
The measure is part of a broader VAT review and aims to stimulate greenfield mining activity and improve Ghana's competitiveness relative to Ivory Coast and Burkina Faso.
The policy has been criticized for inflating costs and discouraging investment.
Recent data show small-scale gold exports have surpassed large-scale shipments, signaling a positive trend in the sector.
The government hopes the reform will attract foreign capital and strengthen Ghana's position as Africa's leading gold producer.