Government is now looking at implementing the windfall tax on the profits of mining firms in the 2013 budget.
The tax was expected to take effect by this month after plans to introduce it was put on hold last year - to receive some inputs and concerns from the mining firms.
Joy Business has however learnt that government now wants to add it to other taxes it plans to introduce in this year’s budget.
The windfall tax appears to be government’s attempt to cream off, some of the profits mining firms are enjoying from the high gold prices.
But the firms say the delay is creating some uncertainty and badly affecting their planning activities.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Fire guts old Fadama market, man reportedly loses GHC800,000
1 min -
Nacee bemoans low performance fees for gospel artistes
2 mins -
We don’t operate investment platform – GNPC
19 mins -
Ghana Fact-checking Coalition condemns disinformation on voting by Wontumi FM broadcaster
20 mins -
IFRS 17 will augment and accelerate NIC’s efforts to implement risk-based capital – Deloitte
23 mins -
IFRS 17 is one of biggest changes to financial reporting standards in insurance industry – Deloitte
36 mins -
Enimil Ashon: Whose polls do you believe: ‘Global Info or Prof Sarpong?
39 mins -
Ghana Climate Innovation Centre welcomes 25 businesses into Cohort 10
44 mins -
ADB will continue to enhance customer value and service experience – Managing Director
46 mins -
Colour Cure Exhibition highlights art’s role in healing and advocacy
47 mins -
GPL 2024/25: Aduana FC sack coach Yaw Acheampong after poor run
50 mins -
John Dumelo pays ¢10,400 in outstanding fees for visually impaired law student facing deferral
52 mins -
CHRAJ clears Rev. Kusi Boateng of conflict of interest, says he doesn’t own 2 passports with different names
55 mins -
We’ll restore hope by cutting down taxes and avoiding unreasonable borrowing – Ato Forson
60 mins -
14th Edition of Tech in Ghana Conference launched in Accra
60 mins