Ghana earns GH¢7.82bn in mining royalties after sliding-scale review – Armah Buah

The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, says Ghana has received GH¢7.82 billion in mining royalty receipts following a review of the country’s royalty regime, which has generated an additional GH¢4 billion for the state.He said the introduction of a sliding-scale royalty regime, which adjusts payments based on prevailing gold prices, has helped Ghana secure greater returns from its mineral resources while allowing mining companies to maintain reasonable profits.