The Ghana Chamber of Mines has called on government to design mining fiscal reforms that directly translate into long-term national development, saying the review of the sector’s tax regime must go beyond revenue generation to support jobs, communities and economic transformation.
In a statement on the ongoing review of Ghana’s mining fiscal framework, the Chamber said while the country has a legitimate right to benefit fully from its mineral resources, the true measure of success should be how mining revenues improve livelihoods, strengthen local economies and support infrastructure development.
According to the Chamber, the mining industry remains one of Ghana’s most important development drivers, contributing significantly to foreign exchange earnings, employment, local procurement and community development projects across mining regions.
It emphasized that a stable and predictable fiscal regime is essential for attracting the long-term investments required to expand operations, introduce new technologies and deepen local value chains.
The Chamber warned that policies designed only to capture short-term gains from high gold prices could undermine the sector’s ability to fund future projects, which are critical for sustaining jobs and supporting host communities.
“Mining is a capital-intensive, long-term investment. Fiscal stability is therefore central to ensuring the sector continues to play its role in national development,” the statement said.
The industry body also urged government to prioritise stakeholder engagement and transparency in the reform process, noting that inclusive dialogue would help align mining policies with Ghana’s broader development agenda.
It added that a well-structured fiscal regime could serve as a tool for inclusive growth, enabling mining revenues to support education, health, infrastructure and skills development, particularly in mining communities.
The Chamber reaffirmed its commitment to working with government to ensure the review results in a framework that balances national interests with a thriving mining sector capable of driving sustainable development.
Government is currently reviewing the mining fiscal regime as part of wider efforts to mobilise domestic resources and ensure the country derives lasting value from its natural resources.
Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah had laid a legislative instrument before Parliament to that effect.
