The Government of Ghana has received US$174 million from Newmont Corporation as part payment of capital gains tax linked to the nearly US$1 billion sale of the Akyem Mine, marking a major inflow for the national purse.
The payment, which represents a substantial portion of the estimated US$220 million tax due from the transaction, underscores Newmont’s compliance with fiscal obligations.
In addition, the mining giant presented a separate US$50 million cheque to cover Ghana’s carried interest in the deal.
Finance Minister Dr. Cassiel Ato Forson, who received the delegation led by Danquah Addo-Yobo, Head of Finance for Newmont’s Africa–Canada Business Unit, praised the company’s transparency and tax responsibility.
Dr. Forson further assured that part of the revenue would be directed towards critical infrastructure upgrades in mining communities, including the long-neglected Kumasi–Kenyasi road.
He disclosed that consultations with the Roads Ministry are set to begin immediately, with construction expected to span 12 to 18 months.
