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Government will ensure prudent management and utilization of revenues - Ricketts-Hagan |
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Government will ensure prudent management and utilization of revenues from the natural resources to the benefit of the people, Mr. Kweku Ricketts-Hagan, Deputy Minister of Finance, has assured.
He said in an address read for him at a dissemination workshop on the Ghana Extractive Industries Initiative (GHEITI) 2010/2011 Oil and Gas and Mining Reports organized by the Ministry of Finance and Economic Planning at Axim on Thursday. Mr. Ricketts-Hagan said district assemblies in mining areas were expected to demonstrate fiscal accountability and transparency in all expenditure decisions, particularly those relating to the use of mineral royalties.
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Mining sector contributes GHc1.46 billion to GRA |
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The mining sector paid GHc893.77 million in corporate tax to the Ghana Revenue Authority (GRA) in 2012. Dr Toni Aubynn, Chief Executive Officer of the Ghana Chamber of Mines, said the amount represented 36.98 percent of the total GRA tax collected within the period. Dr Aubynn said this during a media briefing on the activities of the chamber and mining companies in Sunyani.
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Statement by the Government of Ghana presented by Hon. Cassiel Ato Forson, MP Deputy Minister Of Finance At The 6th Global Extractive Industries Transparency Initiative Conference - Sydney, Australia |
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May 23-24, 2013
Hon. Chair
Distinguished Delegates
On behalf of the President of the Republic of Ghana, I wish to thank the EITI Chair and the Secretariat for extending an invitation to the President of the Republic of Ghana to participate in this important conference. Ghana is one of the pioneers of EITI implementation. The Government of Ghana committed itself and signed on to the initiative in 2003 and has since participated fully in all EITI activities both regionally and internationally. It is worth noting that Ghana is the first country to undertake the EITI in the mining sector and proactively extended it to the sub-national level and the oil and gas sector.
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International Conference on Payment Disclosure In The Extractive Industries Held In Accra |
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An International Conference on Payment Disclosures in the Extractive Industries, yesterday, took place in Accra. About fifty participants from Ghana, Liberia, Mozambique, Europe and the United States of America attended the conference which was held on the theme: The Role of International Transparency Initiatives as Tools for Accountability in Africa’s Extractive Industries.
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Gold Fields Ghana Is 2012 Best Tax Payer |
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The Ghana Revenue Authority (GRA) presented Gold Fields Ghana Limited with the best Tax Payer Award for 2012 at its annual awards ceremony in Accra this week.
The ceremony honoring Gold Fields Ghana was held at the State Banquet hall and it recognized corporate institutions for their significant contributions to government revenue in terms of taxes paid. In 2012, Gold Fields Ghana contributed a total of US$250 million to Government revenue. The GRA also honored the company’s staff that worked hard in the year.
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