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: MiningIndustry
Feb
A Chinese company, Jiuling Lithium Mining Company, says it has concluded plans to invest over $200 million in the establishment of a lithium processing factory in the Endo community in the Nasarawa Local Government Area of Nasarawa State. The representative of the Managing Director of the company, Xiong Jin, disclosed this to Governor Abdullahi Sule during a visit to the factory’s site in the local government on Wednesday. Jin assured the governor of the company’s commitment to building one of the largest lithium mining companies in the state. While giving specific technical details about the size of the factory, Jin mentioned that the company would pay graduates employed to work at the mining site a minimum of N500,000. The Managing Director, however, called for the state government’s support in the