Audio By Carbonatix
The Lands Commission is pursuing a legislation that would see a hike in land rent for mining companies jump from a paltry 50 pesewas to nine thousand Ghana cedis (Ghc 9,000) for a square kilometer each year, from 50 pesewas, the first review in 26 years.
The Commission says it expects Parliament to give priority to the Legislative Instrument once it is passed.
Mining firms are required to pay rent on the land allocated to them to the Stool Lands which own the surface rights.
Even before the new law comes into effect however, research by the Ghana Extractive Industry Transparency Initiative indicates most mining companies do not even pay the current 50 pesewas.
Vice Chairman EITI Dr. Steve Manteaw, attributes this to the cost of collecting the taxes.
Dr. Manteaw said their findings on the payment of ground rent between 2004 and 2009 revealed that none of the mining firms honoured its responsibilities, while the Administrator of Stool Lands also did little to collect the rent.
Meanwhile the Administrator of Stool Lands, Christie Boboobi has told Joy News on Wednesday, joint consultations by her office and the Lands Commission with other stakeholders have been positive.
Madam Boboobi said the companies have expressed their willingness to pay the new rent should it be approved.
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
-
DVLA plans dedicated hospital for drivers as Jomoro office construction begins
5 minutes -
NAFCO to hold maiden AGM this year – CEO hints
7 minutes -
Upper West Regional Minister prioritises processing to address maize glut challenge
13 minutes -
Analysis: Scrutinizing Ghana Publishing Company’s Profitability
16 minutes -
Pomadze multipurpose poultry farm on course – Vice President
21 minutes -
Ghana to plug $127bn revenue leakages with new AI customs tool
28 minutes -
Cedi’s record performance in 2025 is a shared national gain – First Deputy Governor
35 minutes -
Ghana’s economy continues stronger performance – GSS
36 minutes -
Gold for Reserves losses should be in the national budget – IMF
39 minutes -
Chief Justice Baffoe-Bonnie pays courtesy call on Vice President Opoku-Agyemang
44 minutes -
Stand up in unison against corruption – Ameer of Ahmadiyya Muslim Mission to Ghanaians
51 minutes -
Benny Bonsu named among 50 Most Influential African Women in Sport
1 hour -
SFAN secures micro grant from British Council Ghana to train 100 creative entrepreneurs
1 hour -
NPA pushes back on proposals to scrap Fuel Price Floor Policy
1 hour -
Stanbic Bank, Asere-Amartse chiefs deliver sustainable water solution to St. Mary’s Anglican Primary School
2 hours
