Parliament approves Growth and Sustainability Levy Amendment Bill 2025

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Parliament approves Growth and Sustainability Levy Amendment Bill 2025

//business-finance.news-articles.net/content/202 .. and-sustainability-levy-amendment-bill-2025.html

Published in Business and Finance on Thursday, March 27th 2025 at 6:21 GMT by GhanaWeb
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Parliament has passed the Growth and Sustainability Levy Amendment Bill 2025, raising the levy on gold mining companies from 1% to 3% of their gross production.

The Ghanaian Parliament has approved the Growth and Sustainability Levy (Amendment) Bill, 2025, which aims to extend the application of the Growth and Sustainability Levy to the gross production of minerals and the gross production of oil and gas. This amendment seeks to broaden the revenue base for the government, ensuring more funds are available for growth and sustainability initiatives. The bill, which was passed on March 31, 2023, will see the levy applied to the full value of production rather than just the profits, potentially increasing the financial burden on mining and oil companies. The move is part of broader fiscal measures to stabilize the economy and fund development projects amidst global economic challenges.

Read the Full GhanaWeb Article at:
[ https://www.ghanaweb.com/GhanaHomePage/business/Parliament-approves-Growth-and-Sustainability-Levy-Amendment-Bill-2025-1977400 ]

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