Ghana Scraps VAT on Exploration to Boost Mining Investment and Sustain Mineral Reserves

The Government of Ghana has scrapped VAT on exploration activities to attract new mining investments.
The Ghana Chamber of Mines praised this move as a bold, strategic, and timely intervention to sustain the country’s mineral potential.
The policy is expected to stimulate exploration, de-risk investments, and boost Ghana’s competitiveness as a mining destination.
Industry leaders believe the VAT removal will create jobs, strengthen local economies, and encourage further policy collaboration between government and the mining sector.
The mining industry sees this as a step toward securing its future and attracting global exploration firms.

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.