Newmont contributes GHc12.8bn in Taxes to government in 2025

Newmont has confirmed that it contributed a total of GH¢12.822 billion in taxes and statutory payments to the Ghanaian government in 2025, solidifying its position as one of the country’s top revenue contributors.

The payments were made to key state institutions, including the Ghana Revenue Authority, the Forestry Commission, and the Ministry of Finance.

A breakdown of the contributions shows GH¢5.382 billion in corporate tax, GH¢1.628 billion in mineral royalties, and GH¢1.832 billion in carried interest. The company also paid GH¢3.025 billion in capital gains tax following the sale of its Akyem Mine in April 2025, alongside GH¢514 million in PAYE taxes and GH¢434 million in withholding taxes. Additional contributions included a forestry levy of GH¢15 million and property rates of GH¢2 million.

Beyond its statutory obligations, Newmont continued to invest in Ghana’s socio-economic development through infrastructure projects, environmental initiatives, and community programs. In 2025, the company partnered with the Ministry of Roads and Highways to rehabilitate the 46-kilometre Sunyani–Ntotroso–Akyerensua road, a key corridor linking the Bono and Ahafo regions. The project aims to improve road safety, enhance connectivity, and stimulate economic activity in surrounding communities.

Newmont also supported the national Tree for Life initiative, a programme focused on restoring degraded lands and promoting environmental sustainability.

Commenting on the company’s contribution, Country Manager Danquah Addo-Yobo highlighted Newmont’s commitment to transparency and responsible operations.

“Over the years, we have played a leading role in the mining industry, both in terms of our fiscal contributions and our environmental and social impact. The prompt and accurate disclosure of our statutory payments reflects our strong governance standards,” he said.

As one of Ghana’s leading gold producers, Newmont continues to focus on responsible resource development that creates value for both local communities and the broader national economy.