Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Akufo-Addo to double royalties for mining c’ties

  • SOURCE: | qwesa2big
  • 1.8776918President Nana Akufo-Addo has resolved to double royalties paid to mining communities, Lands and Natural Resources Minister-designate John Peter Amewu has announced.

    Inaugurating the Resettlement Project at the Edikan Mine in Ayanfuri, Mr Amewu told the gathering that “with regard to mining royalties, the policy of President Nana Addo Dankwa Akufo-Addo is to ensure that the mining community receives a higher share.”

    Currently 80% of mining royalties go to the government, 10% to the Minerals Commission and 10% to the mining communities.

    However, “under the new presidency of Nana Akufo-Addo, we will reduce the government’s share to 70% while doubling the community’s share to 20%,” Mr Amewu said.

    “The additional 10% to the communities will be given to the District Assemblies to be used specifically for developing infrastructure in the mining communities. This will ensure that more value is retained in the mining communities,” he explained.

    Source: http://www.accrafm.com/1.10707125

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar