China, the US, and other Western governments are pressuring Ghana to reconsider a proposed increase in gold royalties, which could make the country one of Africa’s most expensive for mining and squeeze company profits.
China, the US, and several Western governments are urging Ghana to halt plans to raise gold royalties, sources say.
Ghana aims to replace its fixed 5% royalty with a 5–12% sliding scale linked to gold prices, seeking higher revenue from rising bullion prices.
Miners warn that the top rates would make Ghana one of Africa’s most expensive mining countries and could cut profit margins.
The new royalty could take effect as early as next week unless amended or withdrawn.
