The Ghana Revenue Authority (GRA) has named Newmont Ghana as the country’s Overall Largest and Best Taxpayer for 2017.
The award was given under the GRA’s Large Taxpayer Office at its annual awards ceremony to honour employees and other stakeholders.
Newmont has gone one better after emerging second Overall taxpayer in 2016.
The 2017 award recognizes Newmont Ghana for: consistently meeting its tax obligations; complying with Ghana’s tax laws; and the company’s willingness to support the GRA’s tax collection and compliance improvement initiatives.
According to a statement by Newmont Ghana, its operations in Ahafo and Akyem contributed over GHC560 million in taxes, royalties and levies to the government, “bringing its total tax payments since 2004 to about GHc 2.8 billion.”
The 2017 payments consisted of GHC264 million in Corporate Income Tax, GHC138 million in Mineral Royalty, GHC94 million in Pay As You Earn (PAYE), GHC56 million in Withholding Tax, and GHC16 million in Forestry Levy.
‘We are honoured to be recognized for our contributions to national development last year. It is rewarding to see that our continued partnership with the Government and other stakeholders is creating shared value for our communities and the broader Ghanaian community,’ Kwame Addo-Kufuor, Chief Financial Officer – Newmont Africa said in the statement.
