Commissioner of Ghana Revenue Authority George Blankson presents award to Newmont Ghana
Ghana Revenue Authority in a recent citation presented to Newmont Ghana Gold Limited says “your total contribution to total domestic tax Revenue in Ghana was very imposing across all tax types in the face of the economic hardship. In fact your compliance level in 2016 year of assessment was overwhelming. You were always on time in terms of payment of taxes and filing of returns.
The Ghana Revenue Authority (GRA) at an award ceremony in Accra to honor staff and stakeholders honored Newmont Ghana for emerging as the Ghana’s second Best Taxpayer for 2016 under the Large Taxpayer Office, Domestic Tax Revenue Division (DTRD) and lauded the company for its “tremendous” contribution to national development over the years.
Newmont Ghana paid about $90M in taxes and royalties to the Government of Ghana through the GRA In 2016. The payments were made up of $13M in Withholding Tax, $18M in Pay as You Earn, $24M in Corporate Income Tax, $31M in Mineral Royalty and $4M in Forestry Levy.
Kwame Addo-Kufuor, Chief Financial Officer – Newmont Africa said we recognize our role as partners in Ghana’s socio-economic development and it’s always a great pleasure to contribute our quota in that regard. We have collaborated over the years with our communities and other stakeholders to pursue this purpose and it’s great to know that our collective efforts are helping to increase the overall revenue of Ghana.
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