Audio By Carbonatix
Mining giant, Gold Fields Limited and oil giant Kosmos Energy Limited have joined Tullow Oil and MTN Ghana for disputing 'back tax bills' by the Ghana Revenue Authority (GRA).
The two have however declined to give financial details.
Gold Fields spokesman Sven Lunsche said in response to Bloomberg that “Ghana is clearly facing fiscal and economic challenges at the moment”.
“We are hopeful that the government will not resort to unreasonable fiscal measures that will further imperil the challenges facing the corporate sector.”
Gold Fields is in talks with the GRA to resolve the demand for back taxes from 2018 to 2020.
MTN, which has been ordered to pay $776 million in back taxes, has until Friday to reach an agreement with the Ghanaian authorities.
Kosmos Energy, headquartered in Dallas, said the authorities claimed the company underpaid certain taxes and other contractual fiscal obligations.
It maintains that the claim is without merit and will be “vigorously disputed” it if required.
Latest Stories
-
The six KNUST air quality ambassadors championing clean air action across Ghana and West Africa
3 hours -
Big motivation if people want Spurs down – De Zerbi
3 hours -
West Ham relegation may cost London taxpayers £2.5m
3 hours -
Leeds promise bans over homophobic chants
3 hours -
Mahama recused himself over Damang Mine deal – Kwakye Ofosu rejects Ibrahim state capture claims
4 hours -
What is wrong with us? We celebrate buildings but neglect the systems that keep cities alive
4 hours -
Neymar included in Brazil’s 26-man World Cup squad
4 hours -
Why Ghana’s export story is no longer about raw cocoa
4 hours -
Man City preparing for Guardiola departure
4 hours -
The paradox of plenty: How Ghana’s farmers are being sacrificed on the altar of a cheap import agenda
4 hours -
Defence Ministry in ‘safe hands’ despite vacancy – Felix Kwakye Ofosu
4 hours -
Why no Defence Minister yet? – Felix Kwakye Ofosu says Mahama sees no urgency
5 hours -
Sam George petitions AG to probe $3.4m payment for CSA building project
5 hours -
The Abronye Charge Sheet – misuse in plain sight
5 hours -
Carvajal to leave Real Madrid after 23 years
5 hours