Ghana Chamber of Mines Applauds VAT Removal on Exploration, Boosting Mining Investment and Industry Growth

• The Ghana Chamber of Mines praised the government for abolishing VAT on exploration activities, calling it a strategic move to boost mining investment and safeguard mineral potential.
• The VAT removal, included in the 2026 Budget, is expected to attract new investments, sustain mineral reserves, and enhance Ghana’s competitiveness as a mining destination.
• Industry leaders hope for continued collaboration with the government on mining royalty reforms to ensure a fair and beneficial framework.
• The policy is anticipated to ease financial burdens on exploration companies, increase investor confidence, and stimulate job creation and community development.
• The 11th Ghana Mining Industry Awards recognized industry excellence, with AngloGold Ashanti Iduapriem Mine named Mining Company of the Year and other notable individual and posthumous honors awarded.

Source: modernghana.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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