The Minority in Parliament has cautioned government that its recent decisions in the mining sector could stifle growth, drive away foreign investment, and lead to increased job losses.
In a letter dated April 21, 2025, addressed to the Ministers for Finance and Lands and Natural Resources, the opposition described a series of recent policies as "potentially dire" for the country's economic stability.
Signed by the Ranking Member on the Economy and Development Committee, Kojo Oppong Nkrumah, Ranking on the Lands and Natural Resources Committee, Kwaku Ampratwum Sarpong, and Ranking on the Finance Committee, Dr Mohammed Amin Adam, the letter criticized two new tax measures imposed on the industry a 3% Growth and Sustainability Levy on gross mining volumes introduced this year and an additional levy scheduled for 2026 to 2028.
The Minority warned that these levies are placing distressed mines under greater financial pressure and discouraging new investment. "These royalty-like levies are putting several mines already in distress into graver financial difficulties," the letter stated.
