Gold Fields Ghana Restricted has engaged the Commissioner-Normal of the Ghana Income Authority (GRA) to contribute to ongoing fiscal reforms and the evaluation of the nation’s mineral legal guidelines and tax system.
The discussions goal to enhance the funding local weather within the extractive sector, significantly mining. The corporate additionally raised considerations about key points in present mining legal guidelines that require consideration if Ghana is to draw the mandatory investments into the trade.
Senior Vice President and Managing Director of Gold Fields, Elliot Twum, expressed optimism that the engagement would result in reforms able to drawing extra world gamers into the sector.
“As a part of the Tarkwa lease renewal, there are particular fiscal preparations that include the best way we function within the nation and are one of many causes for our go to, particularly the event settlement. There are new coverage opinions and advocacy coming via as a result of every part is dynamic, and due to this fact, from a regulatory standpoint, it will be significant for us to reassess what has been in operation over a time period and start to query if it is nonetheless match for goal,” he stated.
Vice President, Exterior Affairs at Gold Fields, and President of the Ghana Chamber of Mines, Michael Akafia, congratulated the Commissioner-Normal on his appointment and highlighted considerations the trade hopes the brand new reforms will deal with. He assured the Commissioner-Normal of Gold Fields’ help for efforts to enhance the fiscal regime of the mining trade.
Welcoming the workforce, Commissioner-Normal Anthony Sarpong counseled Gold Fields for its social impression initiatives in native communities and contributions to the nationwide economic system. He additionally assured them that work was underway to evaluation the tax system, expressing confidence that Gold Fields and the mining trade as an entire would profit from the method.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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