Audio By Carbonatix
Newmont has paid GH¢2.388 billion in taxes, royalties, levies, and carried interest to the government of Ghana for the third quarter of 2025.
These payments were made through agencies including the Ghana Revenue Authority, the Forestry Commission, and the Ministry of Finance.
The Q3 payments comprise Corporate Tax of GH¢1.192 billion, Capital Gains Tax of GH¢511 million, Minerals Royalty of GH¢309 million, Carried Interest of GH¢234 million, Pay As You Earn (PAYE) Tax of GH¢75 million, and Withholding Tax of GH¢67 million.
This brings Newmont’s total fiscal contributions for the year so far, from January to September 2025, to GH¢9.874 billion, highlighting the company’s steady support for Ghana’s economic and fiscal development.
“These payments demonstrate our ongoing commitment to honouring our tax and other obligations to the state, as well as to our local communities.
By paying our fair share of taxes and disclosing these payments, we help to promote transparency and good governance,” said Danquah Addo-Yobo, Country Manager for Newmont’s Ghana operations.
Newmont remains one of Ghana’s leading taxpayers and a major contributor to national development through tax payments, employment creation, local procurement, and community investment.
With the official opening of its Ahafo North mine in October, expected to produce between 275,000 and 325,000 ounces of gold annually, Newmont is set to expand its production footprint and further boost its contribution to Ghana’s economy.
Latest Stories
-
Swift response saves lives as GNFS quenches 2 fires in Accra
14 minutes -
Another bus smuggling over 1000 ammunition to northern Ghana from Accra intercepted
1 hour -
Safe hands on the purse – Franklin Cudjoe on why Mahama’s return feels different
2 hours -
What we know about the facility holding Ken Ofori-Atta
2 hours -
When policy credibility is tested: Gold, the cedi, and the cost of short term wins
2 hours -
Discipline, not politics, is powering Mahama’s second coming – Franklin Cudjoe
2 hours -
Bawumia and the policy of centralised gold progressing centres
3 hours -
Big freeze causes travel chaos across western Europe
3 hours -
US will control Venezuela oil sales ‘indefinitely’, official says
5 hours -
Trump backs ban on institutional investor home purchases
5 hours -
US immigration agent fatally shoots woman in Minneapolis, officials say
5 hours -
Battle of the Sexes ‘brought eyes on tennis’
5 hours -
Villa thwarted as Palace hold Emery’s high-flyers
5 hours -
Antoine Semenyo’s late stunner helps Bournemouth sink Spurs
5 hours -
Fulham’s Wilson down Chelsea in front of new boss Rosenior
6 hours
