The Finance Minister, Dr. Kwabena Duffour has commissioned a seven-member committee to review for renegotiation, government’s stability agreements with some mining companies. The seven member committee is chaired by Professor Akilakpa Sawyerr. The country currently has stability agreements with AngloGold Ashanti and Newmont Gold Ghana. The agreement bars government from varying to their disadvantage, the conditions under which they operate. In effect, the percentage of taxes and royalties they pay remain unchanged until the expiration of the agreement. Commissioning the committee, Finance Minister Dr. Kwabena Duffour noted the key task before the committee as three fold. “The first task is to review and renegotiate any part of stability agreement that has been signed between the Republic of Ghana and any mining company that is not in the best interest of our country.This will include among other things the fiscal regime and the government’s carried and participatory interest. In doing so you should take cognizance of the recent development both the local and international environment within which mining companies operate”. “The second task is to prepare a framework, procedures or conditions prior that will govern the granting of a stability agreement in the mining sector in a manner that maximizes the flow of socio-economic value to the country. “The Third task is to redesign any existing mining agreement and or draft new mining agreement where necessary to ensure that it significantly supports Ghana economic growth and development” he concluded.