Ghana's mining sector sets record with 81.1% tax revenue increase, becoming largest domestic tax contributor.

In 2023, Ghana's mining sector set a record by contributing GH¢11.55 billion (US$980 million) in taxes, an 81.1% increase from 2022, making it the largest source of domestic tax revenue. This boost supports the government's efforts to reduce public debt and stabilize the local currency. The sector also invested US$31.53 million in community initiatives, but concerns over environmental degradation from illegal mining persist.

October 21, 2024
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