Policy analyst and natural resource governance advocate Dr. Steve Manteaw says Ghana may have lost billions in potential mining revenue by delaying the introduction of a windfall tax regime for the sector. Speaking on Joy News’ PM Express on Monday, he explained that proposals for an extra profit tax in the mining industry had been made more than a decade ago but were never implemented. The Act 703 was amended, and we provided that the minister shall prescribe the royalty rate for mining companies in Ghana.” “But in the absence of that prescription, the status quo will remain. So 5%, which was what the companies were paying at the time, remains until now.” Dr. Manteaw said the renewed debate over mining royalties gained momentum during discussions around Ghana’s lithium agreements. “And I think this whole discussion came about as a result of this lithium deal.” According to him, the Ghana Extractive Industries Transparency Initiative (GHEITI), of which he was a member, proposed in...