Minority: New Mining Royalties Risk 1 Million Jobs (Calls for Levy Cut, Investor Safeguards)
The Minority in Parliament has said that Ghana could lose up to a million jobs if the Minerals and Mining Royalty Regulations, 2025, are passed. These rules set up a sliding-scale royalty system that changes rates based on international commodity prices. Patrick Boamah, the head of the Subsidiary Legislation Committee, warned that higher royalties could make people less likely to invest in mining, which would lead to fewer jobs and lower tax revenues. He also told the government to lower the Growth and Sustainability Levy on mining companies to one percent to keep investors’ trust. The rules also set up a 1% Community Development Fund for lithium mining to help build up local infrastructure. At the same time, Ghana is under pressure from the US, UK, China, Canada, and Australia because they are worried that higher gold royalties could hurt big mining companies.
