3% levy

The Ghana Chamber of Mines has pushed back against recent justifications for increasing the Growth and Sustainability Levy (GSL), saying that they misrepresent the mining industry’s contribution to the national economy. Government recently raised the GSL from 1 percent to 3 percent in the 2025 Budget, arguing that the country has yet to fully capture economic rent from its natural resources – particularly in the wake of rising global gold prices. However, the Chamber contends that this narrative overlooks key facts. “Some reports suggest that extractive sector rents represent 14 percent of gross domestic product while extractive sector revenue accounts…