Management of the Ahafo South Mine of Newmont Africa is positive about generating more revenue for the country and committing to improving the socioeconomic status of its host communities for 2025. 
 
The mine, in 2024, contributed in excess of GH₵7.5 billion in tax, out of a total GH₵9.4 billion generated by the three operating mines of the company in Ghana. 
 
Following its inauguration under the 9th Parliament, the Parliamentary Select Committee on Lands and Natural Resources paid a working visit to the Newmont Ghana Limited in the Ahafo region. 

The visit was to assess and gather insights into the operations of the mine, which is Ghana’s largest gold producer. 
 
In 2024, the company produced approximately 800,000 ounces of gold, the largest production year since its operation started in 2006. 
 
The company has so far produced a total of 9.6 million ounces of gold.
 
As a mine committed to contributing to the national economy, Newmont Ghana paid approximately GH₵9.4 billion in taxes, with its Ahafo South mine alone contributing GH₵7.5 billion. 
 
“Last year we did 800,000 ounces of gold production, this year won’t be same. We are doing about 600,000 ounces. And, government and the communities will have their fair share of the revenue,” General Manager, Ahafo South Mine of Newmont Ghana Limited, Alex Kofi Annin, said.

 
But with the threats of illegal mining operations, the company could be compelled to re-channel its revenue targets and investments into beefing security for workers and local communities. 
 
“Illegal mining is a bigger problem for the entire nation. People put their lives at risk because of illegal mining. We remain responsible and committed to obeying all the regulations we work with. That’s why we need the atmosphere to operate in a safer environment,” Mr. Annin added.
 
The government recently justified its position to increase the Growth and Sustainability Levy on the mining industry from 1% to 3%. 
 
This was pushed back by the Ghana Chamber of Mines, arguing that the levies could adversely impact the mining sector. 
 
The Chamber has formally petitioned Parliament to reconsider the proposed increment, awaiting a positive outcome. 

Acting CEO of the Ghana Chamber of Mines, Ahmed Nantogmah, explains the chamber continues to engage with Parliament to reconsider the proposed increment in levies on mining, which it believes could have dire implications on the extractive industry. 

“We have started some engagement with parliament and the finance ministry to reconsider. We are anticipating a situation where the mining companies continue to be viable and pay their taxes - a win-win situation for both the mines and government,” he said.