recent reforms in fiscal regime of mining sector in ghana

Ghana More revenue through fiscal reforms Extractive Ghana's EITI Report findings have also led to other reforms in the fiscal regime such as establishing a fixed royalty rate and higher ground rents to increase revenue from the sector The latest report provides details on the changes made in the legal and fiscal frameworks related to the extractive industries which can help stakeholders -recent reforms in fiscal regime of mining sector in ghana-,Fiscal Management of Mining and Petroleum in West AfricaThe conference brings together government officials from selected countries in West Africa with current or prospective mining and petroleum activities The topic is how to improve fiscal management of mining and petroleum integrating fiscal regime design revenue administration and macro-fiscal …… Get More

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Government to find a solution to new fiscal regime for the

Vice President Bawumia indicated that a new fiscal regime similar to the one prevailing in the oil sector would soon be introduced in the mining sector We have a regime that we are implementing for the oil sector and we want to implement the same regime for the mining sector

Mining and agriculture in Ghana a contested terrain

d recapitalising funding for mines to enhance the mining sector fiscal regime e formulating environmental guidelines in the mining sector To secure the requisite levels of foreign investment in

Ghana s government focuses on reforming small-scale mining

Ghana's small-scale artisanal gold mining sector was first legalised in 1989 with the promulgation of the Small-scale Gold Mining Act which established the Precious Minerals Marketing Corporation PMMC the industry's main marketer and the sole buyer of small-scale gold and diamond mining

Conditionality in World Bank crisis-lending to Ghana

Conditionality in World Bank crisis-lending to Ghana A briefing by Nora Honkaniemi July 2010 design of sensitive policy areas such as fiscal policy and public sector reform require the Ghanaian government to establish a fiscal regime to tax the income and profits by the

Africa Mining Vision and Country Mining Visions

• AMV as strategy for integrating mining sector into broader social and economic development processes African conceived owned Mining and mineral sector fiscal and taxation regime ii legal and regulatory framework iii value-addition and infrastructure support reform of the mineral sector and will focus its

Low Commodity Prices and the Law Rescuing DRC Mining Code

The legal reform in the works since 2012 has been a priority for various stakeholders with the government aiming to increase revenues through reform of fiscal elements and civil society looking to increase the transparency and local development impact of the mining sector

Ghana Energy Sector Overview United States Agency for

Ghana Energy Sector Overview One of Ghana's paramount constraints to economic reform combined with U S Government and private sector financial resources Power Africa $20 billion in commitments from the private sector for new on- and off-grid projects in sub-Saharan Africa The U S Government is committed to providing more than $7

Oil Gas and Mining Fiscal Terms Natural Resource

The fiscal regime for mining or petroleum should be clearly established by laws and regulations that should be readily accessible to the public Minimizing parties discretion to alter fiscal terms in individual contracts facilitates contract enforcement and the application of a coherent sector-wide fiscal strategy and reduces the risk of

In Ghana civil society is driving mining and oil reforms

Ghanaian CSOs engaging on these and other extractive sector reform efforts have a dauntingly full plate This is in some ways a product of their own effectiveness At Oxfam we will be working with them to help drive the extractives reform agenda in Ghana with the global oil and mining industries and with the international financial institutions

Introduction Third World Network-Africa

Ghana's mining sector policy reforms on government revenue mobilisation and examines how the range of taxes tax incentives and other fiscal concessions defined in the fiscal regime of the mining code have impacted on government

Ghana Targets New Value-Added Fiscal Regime for Minerals

The new regime is part of what the Vice President describes as paradigm shift from raw mineral exports to value addition and utilisation of Ghana will soon introduce a new fiscal regime for the minerals sector to ensure that the country derives maximum benefit from the extractives sector Vice President Dr Mahamudu Bawumia has announced

Mining Sector Results Profile World Bank

The World Bank has supported 41 mining sector reform technical assistance projects in 24 countries since 1988 The reforms have contributed to an increase in investment in the mining sector and related economic indicators such as exports fiscal revenues and gross domestic product GDP in

Ghana 3-Legal Regime export gov

Ghana Mining Industry Equipment 3-Legal RegimeGhana Legal Regime ICSID Convention and New York Convention Ghana is a member state to the International Centre for the Settlement of Investment Disputes ICSID Convention Ghana is a signatory to the convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 New

Govt to introduce New Fiscal Regime for Mining Sector

Government will soon introduce a new fiscal regime for the mining sector to ensure Ghana derives maximum benefit from the extraction of her mineral resources the

The Mining Industry in Ghana A Blessing or a Curse

to economic and political reforms the international mining industry is expanding in areas formerly closed to mineral exploration for legal political and economic reasons and new mining projects progress into remote

OVERVIEW OF FOUR RECENT WORLD BANK STUDIES

of four recent World Bank studies on trade mining the environment employment the Mining Sector which proffers mining reform recommendations and ways and means of managing the reform process noting a myriad of issues which include ensures that an appropriate fiscal regime is in place and properly enforced

Political Economy of the Mining Sector in Ghana

and rectifying the poor impact of mining on Ghana's economic development this paper highlights the vulnerabilities in mining sector governance along the industry value chain and attempts to explain why it has been difficult to implement policies that would have improved social welfare

Gold mining sees increased activity and business reforms

Ghana's mining industry could see investment levels rise on the back of government efforts to improve the business environment and announcements that key gold mines are preparing to

Scoping Study on the Evolution of Industry in Ghana

1 Working Paper No 18 Scoping Study on the Evolution of Industry in Ghana Charles Ackah 1 Charles Adjasi 2 and Festus Turkson 1 Abstract This paper chronicles the evolution of industry in Ghana

Energy utilities and resources in Ghana PwC

Due to the recent development in the industry the government of Ghana introduced the New Minerals and Mining Act 703 2006 The Act seeks to revise the old mining law to conform to the recent trends and development in the industry

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