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Ghana Introduces Sliding-Scale Gold Royalties Amid Price Surge

3/12/2026

Summary

Story summary

Ghana's mining regulator says the country will implement a sliding-scale gold royalty regime on Tuesday, tying state revenues to rising gold prices.
The new system replaces the flat 5% rate.
It lets miners pay up to 12% at $4,500 per ounce.
Gold currently trades above $5,000 per ounce.
Lithium royalties will adopt a similar sliding scale, while other minerals remain at 5%, and China, the United States, and other Western nations urge Ghana to reconsider.

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Story summary

Ghana's mining regulator says the country will implement a sliding-scale gold royalty regime on Tuesday, tying state revenues to rising gold prices.
The new system replaces the flat 5% rate.
It lets miners pay up to 12% at $4,500 per ounce.
Gold currently trades above $5,000 per ounce.
Lithium royalties will adopt a similar sliding scale, while other minerals remain at 5%, and China, the United States, and other Western nations urge Ghana to reconsider.