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Ghana Proposes Sliding Gold Royalty, Sparks Investment Debate

2/5/2026

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Summary

Story summary

Ghana's finance minister proposed a two-point cut to the mining levy to back a new gold royalty regime that would replace a flat rate with a sliding scale of 5%–12%.
Mining companies say the change could deter investment and press for a 4%–8% rate.
The Institute of Economic Affairs (IEA) advocates state ownership of mineral resources.
Sophia Akuffo, IEA's former Chief Justice, argues reform would boost national returns and community benefits.

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Story summary

Ghana's finance minister proposed a two-point cut to the mining levy to back a new gold royalty regime that would replace a flat rate with a sliding scale of 5%–12%.
Mining companies say the change could deter investment and press for a 4%–8% rate.
The Institute of Economic Affairs (IEA) advocates state ownership of mineral resources.
Sophia Akuffo, IEA's former Chief Justice, argues reform would boost national returns and community benefits.