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Ghana's new gold royalty hike shakes mining industry
Gold prices have soared past $5,000 (€4,363) per ounce—a record high. In response, Ghana's government, led by President John Mahama, quickly introduced sweeping mining policy reforms. For over a decade, Ghana, Africa's top gold producer, levied a flat 5% royalty on gold production. Now, a sliding-scale royalty of 5% to 12% applies, tied to international gold prices. Rates rise to 12% when prices surpass about $4,500 per ounce, meaning the current record prices put Ghana at the top rate. Government officials argue that the previous fixed-rate cost Ghana billions in potential revenue and stalled investment in ... (full story)
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- Mar 13, 2026 2:29pm Posted byFundamental Analysis198
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