The Regional Manager for Corporate Affairs and Stakeholder Engagement at Gold Fields, Emma Morrison, has underscored the mining industry’s role in Ghana’s development, reaffirming its commitment to transparency and highlighting its major economic contributions.
Speaking at the launch of the Africa Extractives Media Fellowship, she stated that mining’s share of key revenue streams had risen steadily, with direct domestic taxes up from 22.7% to 24.3%, domestic revenue from 8.6% to 9.6% and total government revenue from 8.6% to 9.5%, reflecting the sector’s growing importance in national development.
‘The sector’s share of direct domestic taxes grew from 22.7% to 24.3%. Each share of domestic revenue increased from 6 8.6% to 9.6% and its contribution to total government revenue rose from 8.6 to 9.5%, she stated.
Emma Morrison also revealed that the country generated over US$40.1 billion in mineral revenues within the last decade, with US$29 billion reinvested into the economy and US$220 million allocated to community development initiatives.
“Over the last decade (from around 2014), our total mineral revenues have surpassed US$40.1 billion. Of this, more than US$29 billion was reinvested in Ghana through the Bank of Ghana and commercial banks, and a further US$220 million was dedicated to corporate social responsibility,” she added.
Story by Alexander Kuuku Osei-Baidoo | univers.ug.edu.gh
Edited by Gabriel Tecco Mensah
