Ghana plans to reintroduce mining windfall tax

Published Nov 19, 2013

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Accra - Ghana plans to reintroduce a mining windfall tax bill after consultations, Finance Minister Seth Terkper said on Tuesday as part of the annual budget speech.

“A committee is reviewing all stability agreements, incentives and the windfall profit tax that could not be passed in 2012 .... In due course, government will re-introduce the bill in parliament after completion of the consultations with all stakeholders,” Terkper said.

A previous bill that sought to impose a 10 percent windfall profit tax was introduced in 2012 but it was not considered by parliament, Terkper said. - Reuters

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