By Joshua Worlasi AMLANU The mining industry has raised serious concerns over the government’s decision to triple the Growth and Sustainability Levy from one percent to three percent on gross production, warning that the move could significantly erode investor confidence and undermine the sector’s long-term stability. The increase, announced as part of Finance Minister Dr. Cassiel Ato Baah Forson’s 2025 Budget Statement delivered to Parliament on Tuesday, will extend the levy until 2028, shocking industry leaders who claim they received minimal advance notice and no meaningful consultation. Sulemana Koney, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, criticised the government’s approach, saying the industry was blindsided by the policy shift. “What concerns me most is the lack of consultation. I am aware of companies actively seeking investors to
Tag Archives: GhanaEconomy
Feb
Ghana’s economic growth remains heavily dependent on the mining and oil sectors, raising concerns about the country’s slow structural transformation and limited job creation, experts have said. Speaking at the launch of the Productivity, Employment and Growth Report in Accra on February 24, 2025, Government Statistician Prof. Samuel Kobina Annim stressed the need for Ghana to rethink how labour and capital are combined across all sectors. He noted that while productivity has improved over the past three decades, much of the growth has been driven by extractive industries, which contribute significantly to GDP but create few jobs. “The data shows that while productivity has increased, much of this progress is confined to the mining sector, which does not generate enough employment opportunities,” he said. “If Ghana wants to double its