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Ghana's New Sliding Royalty Rate Sparks Diplomatic Tensions

3/18/2026

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Summary

Story summary

Ghana will replace the flat 5% royalty with a sliding 5–12% rate.
The scale triggers the 12% top rate when gold prices exceed $4,500 per ounce.
The policy aims to capitalize on record-high prices to boost state revenue.
It may deter investment and exploration in a competitive global mining market.
Ghana faces diplomatic pushback from several nations over the policy.

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Story summary

Ghana will replace the flat 5% royalty with a sliding 5–12% rate.
The scale triggers the 12% top rate when gold prices exceed $4,500 per ounce.
The policy aims to capitalize on record-high prices to boost state revenue.
It may deter investment and exploration in a competitive global mining market.
Ghana faces diplomatic pushback from several nations over the policy.