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Newmont Pays GH₵12.8bn in Taxes to Ghana Government in 2025

 Newmont, Tax

Mining giant Newmont Corporation paid a total of GH₵12.822 billion in taxes and other statutory payments to the Government of Ghana in 2025, reinforcing its position as one of the country’s leading contributors to domestic revenue.

The payments were made to several state institutions including the Ghana Revenue Authority, Forestry Commission, and the Ministry of Finance.

According to the company, the total contribution for 2025 comprised GH₵5.382 billion in corporate tax, GH₵1.628 billion in mineral royalties, and GH₵1.832 billion in carried interest.

Additional payments included GH₵3.025 billion in capital gains tax following the sale of the Akyem Mine in April 2025, GH₵514 million in Pay-As-You-Earn (PAYE) taxes, and GH₵434 million in withholding taxes. The company also paid GH₵15 million as forestry levy and GH₵2 million in property rates.

Beyond its statutory payments, Newmont said it continues to support Ghana’s socio-economic development through investments in infrastructure, environmental sustainability, and community development initiatives.

In 2025, the company partnered with the Government through the Ministry of Roads and Highways to rehabilitate the 46-kilometre Sunyani–Ntotroso–Akyerensua Highway, a key transport corridor linking the Bono Region to the Ahafo Region.

The road project, when completed, is expected to improve road safety, enhance connectivity and stimulate economic activity for communities along the route.

The company also supported the national Tree for Life initiative, which aims to restore degraded lands, reclaim forest ecosystems and promote long-term environmental sustainability.

Commenting on the company’s contributions, the Country Manager for Newmont’s operations in Ghana, Danquah Addo-Yobo, said the company remains committed to responsible mining and transparent governance.

Over the years we have been playing a leading role in the mining industry in terms of our fiscal contribution, environmental stewardship and the value we generate for local businesses and communities. The promptness, accuracy and public disclosure of our statutory payments underscore our strong and transparent governance principles,” he said.

Newmont remains one of the leading gold producers in Ghana and says it is committed to responsible resource development that generates economic value and improves livelihoods in host communities and across the country.

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