ACCRA – Ghana is in discussions with gold miners in the country, which is
Africas second-biggest producer, about further taxes so as to benefit from the
rising price of gold, the government stated on 11 October. Any new taxes agreed
upon will be part of the 2012 budget to be presented to parliament in November.
The Ghana Mine Workers Union have been calling for a windfall tax to be imposed
in addition to raising the countrys stake in the mines to allow for the economy
to benefit from the rising gold prices. Spot gold prices have more than
quintupled in the last 10 years and are up around 17% in 2011, having hit a
record high of $1 920.30/oz in September. Companies which operate in Ghana
include subsidiaries of Newmont Gold , the worlds second-largest miner; Africas
largest gold miner, AngloGold Ashanti and South Africa-based Goldfields . Full
story here:
http://www.miningweekly.com/article/ghana-in-talks-with-gold-miners-over-new-taxes-2011-10-11
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