Newmont Pays $220M to Ghana, Reaffirms Commitment to Economic Stability and Responsible Mining
Newmont Corporation, Ghana’s largest gold producer, has reaffirmed its fiscal and operational commitment to Ghana’s economy with a significant US$220 million payment to the Government of Ghana. This latest contribution underscores the company’s role as a key partner in national development and fiscal stability.
The payment includes US$174 million in capital gains tax from the sale of Newmont’s Akyem mine and an additional US$50 million in interim carried interest. This brings Newmont’s total carried interest payments to the government to US$80 million for 2025. The contributions were made in strict accordance with Ghana’s mining laws and the company’s Revised Investment Agreement with the government.
“We take these statutory payments seriously, guided by our overall commitment to value sharing in jurisdictions where we operate and reside,” said Danquah Addo-Yobo, Head of Finance for Newmont’s Africa operations. “We know how important such contributions are to the overall health of the Ghanaian economy, and the obligations we have as a company to contribute to a stable operating environment.”
Finance Minister Dr. Cassiel Ato Forson commended Newmont for its consistency and promptness in meeting its financial obligations. “Government acknowledges and appreciates Newmont’s consistency and promptness in meeting its financial obligations to the state, which will support our efforts at strengthening the Ghana cedi and the overall Ghanaian economy,” he said.
Newmont continues to be a major player in Ghana’s mining sector, contributing not just through taxes and royalties, but also in employment, procurement from local suppliers, and long-term social investments. Its emphasis on sustainable and responsible mining aligns with Ghana’s economic and environmental priorities.
The company’s financial contribution comes at a time when the government is seeking to stabilize the cedi and reinforce macroeconomic resilience, making Newmont’s timely payment a welcome boost to national efforts.
