Audio By Carbonatix
The National Coalition on Mining (NCOM) is to state its position on the review and re-negotiation of stability and mining agreements between government and mining companies.
Mining firms in Ghana have over the years enjoyed a liberalised regime in which there is about 80 percent capital allowance, no duty paid on mining equipment, offshore retention of earnings, no payment of windfall taxes and carry forward of losses over a period of five years, among others.
But these incentives, according to the NCOM, have only benefited the mining firms, contributing little to the nation’s economy.
Speaking during a press briefing Monday, Abdulai Darimani, Programmes Officer of the NCOM said the secretariat wants a review of the fiscal regime and performance in the natural resource sector.
He stressed that it was important for government to engage with civil society groups in the sector to draw up policies that will benefit Ghanaians.
Meanwhile, government has set up a negotiating team to commence re-negotiations of the terms of agreements between the government and mining companies.
The review is aimed at ensuring that benefits from the mining sector to the nation are maximised, sustained, and distributed equitably to Ghanaians.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Controller issues March 15 ultimatum for Ghana Card verification
4 hours -
Six critically injured in gruesome head-on collision near Akrade
5 hours -
Gov’t to extradite foreign national who secretly filmed Ghanaian women to face prosecution – Sam George
6 hours -
U20 WWC: Black Princesses to play Uganda in final round of qualifiers
6 hours -
Burundi takes the helm as African Union declares ‘war’ on water scarcity
6 hours -
‘I will never forget you’ – Kennedy Agyapong thanks supporters, NPP delegates after primaries
8 hours -
Woman found dead in boyfriend’s room at Somanya
9 hours -
Woman feared dead after being swept away in Nima drain amid heavy rain
9 hours -
Court grants GH¢10k bail to trader who posed as soldier at 37 Military Hospital
9 hours -
Tano North MP secures funding to reconstruct decades-old Yamfo Market
10 hours -
Haruna Iddrisu discharged after road traffic accident
10 hours -
Kenyans drop flowers for Valentine’s bouquets of cash. Not everyone is impressed
10 hours -
Human trafficking and cyber fraud syndicate busted at Pokuase
10 hours -
Photos: First Lady attends African First Ladies for Development meeting in Ethiopia
10 hours -
2026 U20 WWCQ: Black Princesses beat South Africa to make final round
11 hours
