🪙 Africa’s Top Gold Producer Offers Levy Cut to Push Higher Royalties

Ghana, Africa’s largest gold producer, is proposing a tax trade-off — cutting a mining levy to gain industry support for a new higher gold royalty system, as global gold prices remain elevated.

Key Facts:

• Ghana plans to replace its flat gold royalty with a sliding scale (≈5%–12%) linked to global gold prices

• To ease miner resistance, the government offered a 2% cut in the Growth & Sustainability Levy instead of removing it entirely

• Mining firms warn higher royalties could hurt investment and production growth if thresholds are too aggressive

Expert Insight:

This move shows how gold-rich nations are trying to capture windfall revenues from high prices — but pushing too hard risks capital flight in a highly competitive mining market.

#Gold #Ghana #MiningRoyalties #AfricaMarkets #Macro $XAG $PAXG $XAU

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