Dr Kenneth Ashigbey is the CEO of the Ghana Chamber of Mines
The Ghana Chamber of Mines is urging the government to review its decision to raise the Growth and Sustainability Levy from 1% to 3% ahead of the upcoming mid-year budget presentation.
The Chamber explained that the increased rate poses challenges for some mining firms, particularly smaller companies that earn significantly less than the larger players in the industry.
At a press conference held in Accra on Tuesday, July 22, 2025, the Chamber’s CEO, Dr Kenneth Ashigbey, stated that lowering the levy would help stabilise the sector and encourage further investment.
He expressed optimism that the government would reconsider the levy in the mid-year budget.
“There have been conversations about the Growth and Sustainability Levy. Our hope is that it would be reduced in the mid-year budget,” he said.
Dr Ashigbey also noted that Ghana’s improving macroeconomic indicators are largely supported by the mining sector.
“The macro-economy is pointing in the right direction. The strength of the Cedi currently is predominantly based on gold,” he added.
He urged the government to recognise the vital role of the mining sector in the national economy and emphasised the importance of making decisions that support the industry’s long-term sustainability.
DR/MA
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