Gold mining giant Newmont has paid GH₵12.822 billion in taxes and statutory fees to the Government of Ghana for the full year 2025, its largest annual fiscal contribution on record, driven in part by a one-off capital gains payment from the sale of its Akyem Mine.
The payments, made to the Ghana Revenue Authority (GRA), the Forestry Commission, and the Ministry of Finance, covered eight categories of statutory obligation. Corporate tax accounted for the single largest share at GH₵5.382 billion, followed by capital gains tax of GH₵3.025 billion, carried interest of GH₵1.832 billion, and mineral royalties of GH₵1.628 billion. Pay As You Earn (PAYE) tax contributed GH₵514 million, withholding tax GH₵434 million, a forestry levy GH₵15 million, and property rates GH₵2 million.
The capital gains payment arose from Newmont’s sale of its Akyem Mine, valued at nearly one billion United States dollars, for which the government received a GH₵174 million cheque as part payment of the capital gains tax liability arising from the transaction. The Akyem Mine was sold to Chinese mining firm Zijin in April 2025.
The full-year total represents a significant jump from the GH₵9.874 billion Newmont had accumulated through the first nine months of 2025, and dwarfs the company’s GH₵3.965 billion contribution for the entire 2023 fiscal year.
Country Manager Danquah Addo-Yobo said the scale and transparency of the payments reflected the company’s governance standards. He said the promptness and public disclosure of statutory payments underscore the company’s commitment to principled operations.
Beyond statutory contributions, Newmont partnered with the Ministry of Roads and Highways to rehabilitate the 46-kilometre Sunyani-Ntotroso-Akyerensua highway, a transport corridor linking the Bono and Ahafo regions. The company also supported the government’s Tree for Life initiative, a national reforestation and land restoration programme.
Looking ahead, Newmont’s tax obligations in Ghana are set to increase further. The company’s 10-year investment stability agreement expired on December 31, 2025, meaning revenues from its combined Ahafo South and Ahafo North operations are now subject to the 3 percent Growth and Sustainability Levy (GSL), with the applicable corporate income tax rate rising by 2.5 percentage points to 35 percent. Cash profits repatriated by Newmont are also now subject to an 8 percent withholding tax.
The Government of Ghana has also proposed a sliding royalty rate of between 5 and 12 percent, dependent on the gold price, which if enacted would add approximately 50 US dollars per ounce to Newmont’s total production costs globally.
Newmont remains Ghana’s leading gold producer, operating its Ahafo South and Ahafo North mines following the Akyem divestiture.
