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: GovernmentPolicy
In an American political climate where meritocracy is the word du jour, it’s not clear if any minority label – for any group – will be an asset or a liability. By SOPHIA TUPOLEV-LUZ JANUARY 29, 2025 02:14 American and Israeli Jews [Illustrative] (photo credit: REUTERS) The US Department of Commerce, on January 13, 2025, signed an agreement with the country’s Orthodox Jewish Chamber of Commerce to confer minority status on Jewish-owned businesses in America through the department’s Minority Business Development Agency. This move has elicited strong mixed emotions for many Jews, myself included. At first glance, this sounds like an impactful step toward the economic inclusion of Jewish business owners. After all, federal programs for minority groups have been around for 50 years. Taking that view, it makes sense