
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
-
Four dead, 14 injured in Dawadawa Highway crash
2 hours -
Ga Mantse, Spanish Ambassador discuss Hola Accra Music Festival
2 hours -
President Mahama reflects on the birth of Kwahu Business Forum at 2026 event
2 hours -
How Dr. Joseph Bonney’s ‘No Bed Syndrome’ moved from Ghana hospitals to global use
2 hours -
President Mahama emphasises need for stable and predictable cedis
2 hours -
Deliver quality or be penalised, GETFund Administrator cautions contractors
2 hours -
President Mahama urges Ghanaian businesses to prioritise tax compliance and succession planning
2 hours -
Invest in start-ups and explore mergers – President Mahama urges Ghanaian businesses
3 hours -
Mahama confirms progress on 24-Hour Economy initiative at Kwahu Business Forum
3 hours -
Parliament passes Ghana Investment Promotion Authority (GIPA) Bill
3 hours -
New airport infrastructure tax – a costly own goal that ground Ghana’s aviation ambitions
3 hours -
Sachet water price increase: Why Ghana urgently needs a competition law to address price fixing and cartel conduct
3 hours -
Ex-President Akufo-Addo visits President Mahama in Kwahu during Easter festivities
3 hours -
There is no imminent fuel shortage – President Mahama assures Ghanaians amid Iran conflict
4 hours -
Gov’t to expand Accra International Airport with new car park, retail spaces, and airport hotel
4 hours
