ASM sector produces 52% of Ghana’s gold but pays less than 2% in taxes - Chamber of Mines
The Ghana Chamber of Mines reports that the Artisanal and Small-Scale Mining (ASM) sector accounts for over half of the country's gold production but contributes less than 2% in tax revenue. Industry leaders are calling for formalization to improve tax compliance and sustainable development.
Why it matters
The informal nature of the ASM sector represents a significant loss of national revenue and poses challenges for regulatory oversight and environmental standards.
Accra, June 4, GNA – The Ghana Chamber of Mines says the Artisanal and Small-Scale Mining (ASM) sector produces most of Ghana’s gold but contributes less than 2% of the sector s tax revenue to the state.
The article presents industry data and the perspective of the Chamber of Mines regarding economic policy.
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