Lack of consultation clouds Ghana's new mining royalty thresholds - Steve Manteaw - MyJoyOnline

Contributing sentiments towards policy:

60% : "That creates some discrimination, because the majority of the companies, the 15 or so that are on their own, a lot of them are struggling.
53% : "I remember, I recall that as far back as 2012, my committee, that is the Ghana Extractive Industry Transparency Initiative, proposed to the government to adopt a windfall tax for the mining sector.
53% : "In the oil sector, around the same time, when we're developing the petroleum revenue management framework, we provided for an extra profit tax in the form of an additional oil entitlement.
52% : Extra profit tax.
50% : He recalled that the Ghana Extractive Industries Transparency Initiative (GHEITI) proposed a windfall tax for the mining sector as far back as 2012.
47% : " He said that while the mining sector never adopted the windfall tax proposal, the petroleum sector incorporated a similar mechanism under Ghana's petroleum revenue management framework.
46% : "Because we did not have an extra profit tax arrangement in the mining sector, we decided to go for the alternative, which is a sliding scale."

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