Saturday, November 27, 2021

Ghana: We'll Support Mining Industry to Thrive - Jinapor - AllAfrica.com

Last updated Monday, November 22, 2021 09:54 ET , Source: NewsService

The government will continue to create the enabling environment for the mining industry to thrive, Lands and Natural Resources Minister, Samuel Abu Jinapor, has said.

That, he said, would help to position Ghana as the hub of mining in Africa.

Speaking at the seventh Ghana Mining and Industry Awards at the weekend, Mr Jinapor said "government has scrapped the three per cent withholding tax on processed gold and replaced it with 1.5 per cent withholding tax of unprocessed gold."

"For the avoidance of doubt, there will be no taxes collected at the point of export through the Precious Minerals and Marketing Company from small-scale mining operators," he said.

The programme was on the theme "Position Ghana as the Mining Services Support Hub in West Africa."

Mr Jinapor, who was the guest of honour, said the government had kept faith with the Ghana Chamber of Mines (GCM) and enjoyed better relationship with the Chamber members over the past six years," he said.

The Minister said government partnership with the chamber and the security agencies, had beefed security at the mining sites of the members of the GCM and also taskforce had been set up and chaired by the Deputy Minister of Lands and Natural Resources in charge of Mines, George Mireku Duker,to see to the protection of mines sites and mining industry from any eventualities.

Mr Jinapor said the theme of the programme was appropriate as it "if forms part of the broader vision of the government to make Ghana the hub of mining...

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