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
-
We’ll establish fiscal council to rein in excessive borrowing – Finance Minister
6 mins -
Mortuary workers issue fresh strike threat
10 mins -
‘Lapses in banking system are not unique’ – John Awuah on managing fraud in Ghana’s Banks
18 mins -
Bawumia confident of victory in 2024 election
52 mins -
Strengthening audit institutions essential for tackling fiscal mismanagement – Domelevo
1 hour -
Healthy Aging: The Role of the Gut Microbiome and How Diet Can Help
1 hour -
Seek medical care, diagnosis for breast cancer – Dr Abiti to women
1 hour -
Hardship: Men now collect marriage list from different families to get cheapest – Report
1 hour -
‘If you’re looking for trouble, you’ll get it,’ Falz tells VeryDarkMan
1 hour -
Paramount Chief of Avenor grateful to NPP, calls for completion of Agenda 111 project
2 hours -
Bawumia commissions ultramodern office complex for Ho Municipal Assembly
2 hours -
Bawumia declares NPP’s infrastructure record unmatched
2 hours -
Importers face duty on Electric Vehicles despite gov’t’s exemption promises
2 hours -
4 additional Democracy Hub protesters discharged
2 hours -
Election 2024: Alan Kyerematen lacks a message – Hassan Ayariga
2 hours